Category Archives: Life Insurance 101

What Is Life Insurance and How Does It Work

At its core, investing in life insurance is an act of love. Doing so helps ensure your death doesn't bring a financial loss on top of the emotional loss. People who buy life insurance want to take care of their loved ones even in the worst-case scenario. When you’re ready to shop for life insurance, [...] Continue Reading

How to Choose a Term Life Insurance Policy Length

You’ve done your research about life insurance. You know you want to protect your family, and you’ve researched the difference between whole life and term life insurance. If you go with term life, how long should you have coverage? That’s a hard question, like asking you to plan out the next 10, 20, or 30 [...] Continue Reading

Top 10 Lies Told on a Life Insurance Application

lies-told-on-life-insurance-application

At TermLife2Go, we are here for you. We say that at the outset because sometimes clients feel the need to lie or stretch the truth when it comes to life insurance health questions. But what you need to know from the outset is that we work for you and not the life insurance company. What […]

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The Ladder Strategy for Life Insurance: Is It Right for You?

Choosing the right life insurance can put you in a bit of a pickle. You want to protect your income and assets in case you die, but not at the expense of living life the way you want to right now. If your life insurance need is high, you’re older than 30, or you have [...] Continue Reading

How much does life insurance cost?

The average $250,000 term life insurance policy for a 30-year-old costs about $160 in annual premiums ($13.33 per month). Unfortunately, most people incorrectly assume life insurance costs three times more. So how much cash will you shell out for your life policy? That depends.* .nqwgt-WNLk-quoter_request{font-size:15px;margin:0 auto;border-radius:3px;background-color:#e0eeee}.nqwgt-WNLk-quoter_request .nq_body{padding:15px}.nqwgt-WNLk-quoter_request.nq_widget_width{width:350px}.nqwgt-WNLk-quoter_request label{color:#333;display:block;font-size:15px;margin-bottom:4px}.nqwgt-WNLk-quoter_request select,.nqwgt-WNLk-quoter_request input{background-color:#fff;border:1px solid #ddd;color:#777;font-size:14px;font-weight:400;border-radius:4px;margin:0 0 13px 0}.nqwgt-WNLk-quoter_request [...] Continue Reading

The 5 States Most Financially Prepared for Death

Death. It’s not a fun topic. And when it comes right down to it, is anyone ever truly prepared to die? Philosophical debates aside, there’s one powerful step people can take to get their finances in order: investing in life insurance. For families with a mortgage, kids in college, or other hard-to-downsize expenses, not having […]

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How Much Does Life Insurance Cost?

If you’re wondering “How much does life insurance cost?” then you’ve come to the right place. The cost of life insurance depends on your age, health, and other factors, which we’ll explain in further detail. At TermLife2Go, our goal is to help you navigate the different aspects of life insurance, so you can get the […]

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10 States with the Best (and Worst) Drug Addiction Support

Nearly half of all Americans have a close friend or family member who has struggled with drug addiction. Do you? Drug addiction may involve illegal use of prescribed drugs or illicit substances such as opioids, but studies show punishing illegal drug use with jail time is less effective than detox or rehab for beating addiction. […]

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Life Insurance Beneficiaries, Understanding What Primary and Contingent Beneficiaries Are

what is a contingent beneficiary

Most people don’t put much thought into choosing a life insurance beneficiary. Unfortunately, this can create a major problem for your heirs. As a result, TermLife2Go put together this article to help you navigate the potentially stormy waters involved in naming primary and contingent beneficiaries. Life Insurance Beneficiary You can name up to three levels […]

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Life Insurance Lapse – How to Avoid and What to do if it Occurs

life insurance lapse

Here is a tip, unless you plan on cancelling your life insurance, don’t let your policy lapse for non payment of funds. If your policy lapses and you die after your grace period ends, you are no longer insured and your beneficiary will receive nothing. In the following article covering the basics on insurance lapses, […]

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