How to read and understand your life insurance policy

Burial insurance, also known as funeral coverage or preneed insurance, is designed to help your family manage end-of-life expenses. Preparing to handle the cost of funeral arrangements and other end-of-life services could provide relief in a difficult time.

These days, many insurance companies offer customers options to the traditional ways of applying for life insurance, which included getting a medical exam and answering detailed health questions. Today, both term life and whole life insurance are sometimes available without a requirement for an exam and, in some cases, with only a few health questions or none at all. But there are key differences between the different options. Understanding them will help you choose the policy that’s right for you.

Incorporating a life insurance policy into your estate plan could help you manage a range of financial factors from everyday bills to taxes. Let’s discuss the basics of estate planning and why life insurance may be a helpful tool for you.

It's not unusual to have some questions about a loved one’s life insurance arrangements. Watch this video to learn more about how to locate a life insurance policy document and how to confirm if you’re a life insurance beneficiary.

In most cases, your car insurance covers your vehicle, not you, the owner. So, the good news is, if you give your friend permission to drive your car, and they get into an accident, your insurance will probably cover it. However, this depends on the kind of coverage your policy includes and the dollar value of the damage.

Are you wondering what condo insurance is designed to cover? From theft to accidents, learn how condo insurance could offer coverage for your property, personal belongings and more.

When you move from one apartment to another, you want to be reassured that your belongings will arrive safe and sound. Make sure your renters insurance does the same.

Should I bundle home and auto insurance together to save money? If I buy a home for $300,000 should I insure it for the same amount? Read our useful tips that could help save you some money.

Life insurance could be an important tool for senior parents and their families as they plan for end-of-life expenses. Knowing which type of coverage would be best can be a complicated question, and the answer will depend on your individual needs and budget. You’re not alone in considering why your parents need life insurance, so let’s learn more.

Let's take a look at some of the factors life insurance underwriters review when evaluating risk and approving insurance coverage.

Talking about life insurance with loved ones can be difficult. Here are some tips you can use to start the discussion and make picking a good plan possible.

Marriage can be an exciting chapter in life, filled with shared responsibilities and future planning. In this video, we explore how life insurance can help protect newlyweds’ joint financial commitments, support growing families, and adjust to changing circumstances like retirement or divorce. Whether you're just starting out or reassessing your policy after years of marriage, understanding how life insurance fits into your journey can help provide financial security for your loved ones.

While you can’t control the cost of goods and services, there are a few things you can do to better understand what is happening and to weather this challenging time. Learn more.

If your policy has built cash value over time, there are three ways you may be able to use it for your retirement. One involves completely cashing in your policy. The other two allow you to keep some or all of your life coverage but draw money from the policy. Learn more.

Building wealth is typically a gradual process that requires preparation and patience. For some, it may even involve learning new skills like budgeting and investing. Here are 13 financial habits that could help you build wealth into the future.

Wondering how to save money on groceries? We’re all feeling the effects of increased prices at the store. From 2021 to 2022, U.S. grocery prices rose by 11%. (1) In 2025, prices for all food are predicted to increase an additional 2.4%. (2)

Accidental Death & Dismemberment (AD&D) insurance is designed specifically to cover certain accidents. It provides a payout in the event of death or permanent physical injury due to a covered accident. AD&D insurance is very different from traditional life insurance. Depending on your needs, you may want both kinds of coverage.

Living insurance is another name for a type of insurance that has been around for a while — it’s also sometimes called Accidental Death and Dismemberment (AD&D) Insurance. Sound familiar? Let's learn more.

Watch this video to learn what makes AD&D and life insurance unique, and understand which options could be the right fit for you and your loved ones.

In this video, find out how AD&D insurance is different than life insurance and how it could make a big difference if there’s a loss of income in certain accidental scenarios.