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Should you convert your term life insurance policy?

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Term life insurance is popular because it allows the consumer to purchase a higher death benefit at a lower price than permanent life insurance, such as whole life and universal life. As the name implies, term insurance provides protection for a specific and limited amount of time. So, what can you do when you realize you need all or a portion of your life insurance to last beyond the initial length of your term? The post Should you convert your term life insurance policy? appeared first on The Cincinnati Insurance Companies blog.
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How life insurance saved a business

By agent, business, Business Life, downturn, independent, Insurance, life, Life Insurance, loan, long-term, personal, planning, policy, prevent, protect, protection, value, whole
LifeHappens shares the story of how a successful business owner included life insurance as part of his long-term planning. When there was an unexpected downturn, that life insurance policy saved the business and all those whose livelihoods depended on it. Watch the video. The post How life insurance saved a business appeared first on The Cincinnati Insurance Companies blog.
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Term vs. permanent life insurance: Which is right for you?

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The biggest question to answer when purchasing life insurance is whether you need a term or permanent policy. Each type has advantages and limitations. To make the right decision, you should know and understand your options. The post Term vs. permanent life insurance: Which is right for you? appeared first on The Cincinnati Insurance Companies blog.
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Don’t put it off: Assess your life insurance

By affordable, agent, benefit, care, childcare, cost, cover, coverage, education, expenses, family, financial, help, independent, Insurance, life, Life Insurance, LIMRA, loved, mortgage, need, payments, peak, policy, protect, salary, survivor, term, time, utilities, wages, whole, years
Would you believe that 1 in 5 families with children under age 18 does not have life insurance? As shocking as that may be to many of us, a 2018 study by LIMRA, a leading insurance and financial services trade organization, also found that 3 in 10 families would be in immediate financial trouble if a primary wage earner died. And, nearly half of respondents would experience financial adversity in just six months. The post Don’t put it off: Assess your life insurance appeared first on The Cincinnati Insurance Companies blog.
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