Peace of Mind One of the primary benefits of Final Expense insurance is the peace of mind it provides. With this insurance in place, your loved ones will not have to worry about paying for your funeral and burial expenses. This allows them to grieve in peace, without the added stress of financial worries. Financial…
Factors that affect eligibility When evaluating an individual’s life insurance application, insurance companies consider a variety of factors, including the individual’s criminal record. Some common factors that may impact an individual’s eligibility for life insurance include: The type of crime committed: Some crimes, such as embezzlement or fraud, are considered more serious and may make…
Buckalew Life and Health Insurance At Buckalew Life and Health Insurance, we believe that insurance should be more than just a policy. It should be a tool that can help you achieve your financial goals, support your health and well-being, and provide you with peace of mind. That’s why we offer insurance products that not…
What is Inflation? Inflation is a measure of the rate at which the general level of prices for goods and services is rising, and thus, purchasing power is falling. In other words, as inflation increases, the value of money decreases, making it harder to buy the same goods and services. How Does Inflation Impact Mortgage…
Understanding Indexed Universal Life (IUL) Insurance IUL is a type of permanent life insurance that provides both death benefit protection and the potential for cash value accumulation. The cash value growth of an IUL policy is tied to the performance of an underlying market index, such as the S&P 500. The policyholder’s cash value can…
What is an Annuity Step-Up? An annuity step-up is a feature that allows you to increase the value of your annuity investment without having to add more money to it. The step-up option allows you to increase the guaranteed minimum interest rate of your annuity, which in turn increases the value of your investment. The…
Understanding the Dispute Process Before you file a dispute with your Final Expense insurance company, it’s important to understand the dispute process. Most insurance companies have a procedure in place for resolving disputes, including a dedicated department or representative who can help you through the process. This may include an initial review of your case,…
Not Shopping Around for the Best Policy One of the biggest mistakes people make with final expense insurance is not shopping around for the best policy. There are many different types of final expense insurance policies available, and it is important to compare the features, benefits, and costs of each policy to ensure that you…
What is a lapsed policy? A lapsed policy is a life insurance policy that is no longer in effect because the policyholder failed to pay the premium on time. Once a policy has lapsed, the coverage will cease, and the policyholder will no longer have any life insurance protection. How to avoid policy lapsing Here…
Step 1: Review Your Policy Before canceling your final expense insurance policy, it is important to review the terms and conditions of your policy. Look for any penalties or fees that may be associated with canceling your policy. Additionally, review your policy to determine if you will receive a refund of your premiums if you…
