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How Life Insurance Impacts Medicaid Eligibility

Life insurance plays a crucial role in financial planning, providing a safety net for your loved ones in the event of your passing. However, when it comes to Medicaid eligibility, it’s important...

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How Life Insurance Dividends Work

Life insurance dividends can play an essential role in providing additional benefits to policyholders. Understanding how these dividends work is crucial for anyone who has a life insurance policy. In ...

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Getting Life Insurance During the COVID-19 Pandemic

The COVID-19 pandemic has brought about many uncertainties, prompting individuals to reevaluate their financial security and explore options to protect their loved ones. One important consideration du...

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Getting Life Insurance After Bankruptcy

In today’s uncertain economic climate, financial hardships can often lead to the unfortunate situation of having to declare bankruptcy. Bankruptcy is a legal process that provides individuals wi...

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What to do if a life insurance claim is denied?

Life insurance provides financial security for your loved ones in the event of your death. However, there may be instances where a life insurance claim is denied. It is crucial to be aware of the step...

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What is the Medical Information Bureau?

The Medical Information Bureau (MIB) is an organization that gathers and stores medical information about individuals in the United States. This information is then shared with insurance companies to ...

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What is the life insurance waiting period?

Life insurance is an essential tool for providing financial security to loved ones in the event of a policyholder’s death. One crucial aspect of life insurance that policyholders should be aware...

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What is the “Slayer Rule”?

The “Slayer Rule” is a legal concept that governs the inheritance rights of individuals who are responsible for the death of another person. Also known as the “slayer statute” ...

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What is temporary life insurance?

Temporary life insurance, also known as term life insurance, is a type of insurance policy that provides coverage for a specific period of time. Unlike permanent life insurance policies, which offer c...

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What is Life Insurance Retirement Plans (LIRPs)?

Life Insurance Retirement Plans, commonly known as LIRPs, are financial tools that offer a unique way to save for retirement while providing the added benefit of life insurance coverage. This article ...

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What is life insurance fraud?

Life insurance fraud is a serious issue that costs insurance companies billions of dollars each year. It involves individuals or groups conspiring to deceive insurers for financial gain. While there a...

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What is insurance underwriting?

Insurance underwriting is a critical process in the insurance industry that involves assessing risks, determining premiums, and establishing policy terms and conditions. Understanding the basics of in...

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What is insurable interest?

Insurable interest is a fundamental concept in the world of insurance. It serves as the basis for determining whether a person or entity has a valid stake in insuring a particular risk. In this articl...