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SelectQuote Life Insurance Resource Articles
Learn more about life insurance in the featured articles below. Can’t find what you’re looking for in our resource articles? Let us help you.
Do beneficiaries have to pay taxes on life insurance?
While life insurance is an important purchase because it can help secure your family’s or other loved ones’ financial future after your death, it’s far from the only use case. Some people choose to use life insurance policies as an investment...
What is a life insurance graded death benefit?
If you’ve been denied life insurance because of a medical exam, you may feel stuck without the coverage you need. And while it may be true that certain types of life insurance may be out of reach, there’s still an opportunity to purchase coverage. One alternative,...
Living Benefits of Life Insurance
The primary goal when buying life insurance is to provide financial protection for your family or loved ones after your death. That’s how most people use it: after your death, your named beneficiary will receive a life insurance payout (also called a death benefit)...
What happens to life insurance bought for children when they become adults?
For many millennials, childhood life insurance purchased by their parents and grandparents is an untapped asset. In many cases, life insurance hasn’t been purchased as protection but as an investment vehicle. But how do you take ownership as an adult of an insurance...
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Life Insurance Articles
Do beneficiaries have to pay taxes on life insurance?
While life insurance is an important purchase because it can help secure your family’s or other loved ones’ financial future after your death, it’s far from the only use case. Some people choose to use life insurance policies as an investment vehicle or as a part of...
What is a life insurance graded death benefit?
If you’ve been denied life insurance because of a medical exam, you may feel stuck without the coverage you need. And while it may be true that certain types of life insurance may be out of reach, there’s still an opportunity to purchase coverage. One alternative,...
Living Benefits of Life Insurance
The primary goal when buying life insurance is to provide financial protection for your family or loved ones after your death. That’s how most people use it: after your death, your named beneficiary will receive a life insurance payout (also called a death benefit)...
Term Life Insurance Articles
Life Insurance for Recovering Alcoholics & Substance Abuse Addicts
Protecting your legacy and your wealth, planning for retirement, and shielding your family from financial hardship are all priorities for most Americans. But if you’re one of the estimated 19.7 million Americans who have struggled with drugs and alcohol* and are now...
Best Life Insurance for Spouses
There are a lot of major life changes that come with getting married, from setting up your new household and family to establishing a financial plan. An important component of establishing your financial future should be obtaining enough life insurance coverage for...
Best Life Insurance for Young Adults
Often the last thing on your mind as a young adult is purchasing life insurance. Whether you’re focused on paying off student loans or setting up your 401K, you may not see a reason to add another expense. However, purchasing a life insurance policy as a young adult...
Final Expense Articles
Average Funeral Cost in 2021
Like most everything else, funeral prices have increased with inflation. And while prices for funeral and burial services may vary depending on several factors, one common theme is that families are ill-equipped to bear the burden of those costs on their own. That’s...
End of Life Planning Checklist: Final Expense and More
It can be overwhelming thinking about end of life decisions and it’s hard to even know where to begin. When we don’t formalize these plans, it can often leave an unintentional burden on our loved ones. In order to make sure your family isn’t left making tough...
What happens to debt when you die?
The unfortunate reality is that your financial struggles, such as credit card debt, outstanding medical bills, or your mortgage typically don’t go away when you pass away. They will instead—most likely—become the responsibility of your beneficiaries and estate. The...
Permanent Life Insurance Articles
Cash Value vs. Surrender Value: What’s the difference?
There are many terms you’ll come across when shopping for life insurance. For example, if you’re exploring permanent life insurance or whole life insurance options, you’ll likely see the terms ‘cash value’ and ‘surrender value.’ Here’s what you need to know about cash...
What is a life insurance retirement plan (LIRP)?
A life insurance retirement plan—or a LIRP—is when you use the cash value of a permanent life insurance policy to supplement your retirement savings. The primary purpose of life insurance is to ensure your loved ones are financially supported once you’re gone, but the...
Five Questions To Ask When Considering Purchasing A Whole Life Insurance Policy
When shopping for life insurance, there’s a chance you’ll consider both term and whole life insurance policies. While term life insurance is often the more affordable option, whole life insurance can give you a set amount of coverage for as long as you live. When...
Looking for additional insurance? Learn more about the different types of insurance SelectQuote can help you find.
Looking for additional insurance? Learn more about the different types of insurance SelectQuote can help you find.
