This week’s edition of “What’s Trending in Life Insurance” brings us articles from Forbes, Money, and the Federal Times:
How To Choose A Life Insurance Beneficiary
Forbes recently came out with an article that raises an all too familiar question – Who do I designate as my beneficiary? The piece talks about the thought process that goes into making such a big decision, and emphasizes one important fact: You are in control when it comes to who gets the benefit, and the law will support your last wishes.
We especially liked this quote: “Think of it as one of the notable times in your life when you—and only you—get to decide what the right choice is. After all, this is a personal decision and you can do as you please, instead of having to please someone else.”
How To Use Life Insurance As an Investment — Not Just a Last Resort
Money Magazine put out an editorial on the perspective many people have on the function that life insurance serves for its policyholders. Many don’t see it as anything more than a “last resort.” It can, however, make sense as part of a stable investment program.
The author mentions how life insurance is really an investment in your family’s future. It protects your beneficiaries during one of their most vulnerable moments. He later goes on to talk about the different types of policies available, and how to fine-tune them to fit your needs.
Key Life Insurance Questions for Feds in Their 20s and 30s
We chose our last article because it provides a unique point of view into the world of government life insurance. Rather than covering the population as a whole, this article from the Federal Times is focused on federal employees in the United States. It reviews some of the unique aspects of their government-backed life insurance policy. It also discusses some of the questions these individuals may have arise at the early stages of selecting their options.
Questions like “What are my needs?” are common for anyone new to the policyholding world, but others like “What does (doesn’t) the Federal Employees’ Group Life Insurance offer?” are a lot more nuanced.
The insurance world can be difficult to navigate. Without a clear understanding of their current plan, it’s difficult to be certain that your clients have the right coverage. If you’d like to take a closer look, you’ve come to the right place. We can answer your life insurance questions and provide the clarity you need to sleep easy. To learn more about our services, visit our site or join our newsletter today. To contact us, click here.