Three Types of Living Benefits for Life Insurance

You may have good knowledge of the advantages of life insurance, such as how it can protect your loved ones financially in the event that you die away. However, did you know that life insurance can offer advantages even while you’re still alive?  At Panichelle Insurance, we can help you understand some of the advantages…

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Common Life Insurance Riders to Consider

Life insurance protects your loved ones financially if you pass away. However, conventional life insurance policies may not provide you with all of the coverage you require. You may be able to increase your coverage by adding one or more policy riders. Some riders even come standard with certain insurance. Here are some common life…

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Purchasing life insurance is something that many individuals put off until it gets too expensive or too late. People are scared to talk about death, and many believe that buying life insurance is a waste of money. Unfortunately, many people leave their families with enormous financial obligations that they are unable to meet, and life…

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Life insurance is a gift that never goes out of style, even if you don’t tie it up with a bow (but you could!). Life insurance is quickly becoming the preferred option for individuals looking to give—or receive—a present that will last a lifetime. More and more individuals are selecting presents that may provide a…

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While many firms do not provide smoker’s life insurance, Panichelle Insurance may be able to assist you in finding coverage at affordable prices for smokers. In comparison to candidates who do not smoke, you may not be provided the lowest prices if you smoke. If you’re looking for life insurance for smokers, there are options…

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Is Life Insurance Taxable?

One of the most appealing aspects of life insurance is that the payout is tax-free to your beneficiaries. It’s a huge advantage to acquire (and receive) life insurance because death payouts can be in the millions of dollars. However, there are several components of life insurance that will not be taxed. When is a life…

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We all want our children to live long and healthy lives, which is why child life insurance may not be a top priority for you. It’s worth considering, though, because it may lock in cheap rates and serve as a vehicle for your children’s investment. What is child life insurance? A child’s life insurance policy…

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You typically buy life insurance to protect those who depend on you for financial security. If you die prematurely, it’s your life insurance that can provide your loved ones with the ongoing income they’ll need to live on. However, your life insurance policy may also provide you (the policy holder) with certain living benefits that…

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Whether or not life insurance is a good investment for you depends on your individual finances as well as the length you’ll need coverage. Life insurance can cover loss of income, funeral expenses, debt and other financial needs that might come up after you pass away. Once you sign on the dotted line and start…

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Term vs. Whole Life Insurance

Term life insurance covers you for a specified time period (typically 10-30 years), while whole life insurance covers you for life. Buying life insurance can seem daunting. But most people can start shopping by asking themselves one key question: Do I need term life insurance or whole life insurance? Both types have their benefits and drawbacks. Term life insurance is…

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