Posts By: Ryan Hickman

Insured

by Ryan Hickman • December 27, 2019

The term insured refers to the person that is covered under the policy. If the insured dies while the policy is in place, the policy will pay the named beneficiary a death benefit. Most of the time, this will be the person selected by the insured.


Increasing Term Life Insurance

by Ryan Hickman • December 27, 2019

An increasing term life insurance policy is one in which the death benefit increases with each passing year. That means the beneficiaries on the policy will receive more the longer the policy remains in place. The premium is also likely to rise as the death benefit increases.


Accelerated Death Benefit

by Ryan Hickman • December 27, 2019

An accelerated death benefit is a type of life insurance policy rider. It allows the policyholder to access their benefits (including the death benefit) during their lifetime. Generally, this is done to allow a person to access the funds if he or she has a terminal illness. This is sometimes called terminal illness benefit. The […]


How Life Insurance Works

by Ryan Hickman • December 1, 2019

Understanding how life insurance works is critical to know if it is the right choice for your needs. This is a legal contract you secure with a life insurance company. You choose the term or length of time you want to have this protection. The life insurance company agrees to pay out a specific amount […]


Who Needs Insurance?

by Ryan Hickman • December 1, 2019

Most people benefit from life insurance in some form. If you have dependents or anyone that you wish to leave money behind to protect, consider life insurance a valuable investment. Here are some examples. You’re the Wage Earner If you earn money that helps support others, you need life insurance to help cover those individuals’ […]


What are the advantages of life insurance?

by Ryan Hickman • December 1, 2019

Life insurance provides a number of advantages to you, as the policyholder, and to your loved ones. It pays a set amount of money to your family if you die while the policy is in place. While it seems that simple (and really it is that simple), there are a few reasons to consider just […]


What Are the Different Types of Life Insurance?

by Ryan Hickman • December 1, 2019

The biggest difference in life insurance types is the length of time they remain available to you. Term and whole life are the most common distinguishing factors. Here’s a look each. Term Life Insurance This type of insurance remains in place for a set number of years as long as you continue to make payments. […]


What kind of life insurance do I need?

by Ryan Hickman • December 1, 2019

There are two types of life insurance: term life insurance, and permanent life insurance. Term life insurance is the most simple and affordable option. It provides coverage for a set period of time or “term”, typically 10–30 years, and is designed to protect your dependents. If you pass away during the term period, your beneficiaries […]


What is the right term length for me?

by Ryan Hickman • December 1, 2019

It’s recommended to choose a term length that covers you while you’re most vulnerable. You can consider choosing a term length that covers you for the length of your mortgage or until your children are independent.


What is a death benefit?

by Ryan Hickman • December 1, 2019

A death benefit is the amount of money that an insurer pays to your beneficiary if you pass away during the policy term. Typically, it is paid in a single lump sum and is untaxed.