One of the most important decisions when purchasing life insurance is selecting your beneficiary. The beneficiary is the person or entity who will receive the death benefit from your policy in the event of your passing. This decision can have significant financial and emotional implications,...
Life insurance can be complex, and choosing the right policy can feel overwhelming. In this blog, we'll break down the two main types of life insurance: term vs. permanent life insurance, to help you understand which one might best fit your needs. Understanding Your Life Insurance...
Securing life insurance is crucial in ensuring financial stability and relaxed minds for your loved ones. However, not everyone is granted this financial safety net. In this blog, we will understand the intricacies of life insurance and explore eight reasons why you might be denied...
Life insurance is a vital financial tool that provides a safety net for our loved ones in need. While it's a common practice for adults to invest in life insurance, there's a growing awareness of the benefits of extending this protection to children. Keep reading...
Term life insurance is a type of life insurance policy that provides coverage for a specific period, typically ranging from 5 to 30 years. Unlike permanent life insurance, term life insurance is designed to provide protection for a set term, after which the policy expires....
When you plan to buy life insurance, you may think about whether its premiums are tax-deductible. However, the answer depends on several factors, such as the type of policy and whether or not a business pays the premiums. Let us look at the different ways...
Everyone wishing to run their business or provide financial stability to their dependents even after their unfortunate death should buy a life insurance policy. However, before buying, you must find out whether you are eligible to get the coverage or is there anything that could...
Certain occupations involve high risks, sometimes making it difficult to get the right life insurance plan. Insurers favor low-risk clients for all types of coverages, especially life insurance. Engaging in an activity regularly that can cause death or injury puts you in a vulnerable position...
Life insurance is designed to be paid upon the death of the insured to their beneficiaries. Term life and whole life both pay out death benefits, but they do so in different ways and are designed for two distinct purposes. Before you decide to buy...
Many people think that acquiring life insurance is confusing. At Dougherty Insurance, we can help resolve any doubts that you may have regarding this type of policy. Having all of your concerns addressed is important if you are trying to secure your family's financial future....
