Premium Only Content

Financial Facts Friday: How does life insurance work?
Financial Facts Friday: How does life insurance work?
Policy owner: the person who PAYS for the policy.
Insured: the person COVERED by the policy.
Beneficiary: the person who receives the death benefit.
Death benefit: the life insurance pay out (paid to beneficiary upon the insured’s passing).
The basic concept is very simple! Here is a really (really, really!) simplified breakdown of how it works.
1. Find a life insurance provider.
2. Choose a type of life insurance.
3. Select your beneficiary.
4. Pay the life insurance company for coverage. The most common payments are made monthly or annually.
5. If you pass away within the period of time that the policy covers, your beneficiary will receive a death benefit pay out!
6. If you pass away outside of the period of time the life insurance policy covers, your beneficiary will NOT receive the death benefit.
Next week, we will talk about WHO needs life insurance!
#lifeinsurance #deathanddying #financialeducation #financialliteracy #sahm #wfh #wealthmindset #moneymindset #financialfreedom #generationalwealth #christian #praisegod #faith #truth #dogmom
-
LIVE
Anvilight
4 hours agoFortnite | Scottish Streamer Solo Streams Superhero Season Sleepily
174 watching -
3:57
Data illusion
5 days ago $3.19 earnedEvolution Of Machine Guns
38K3 -
LIVE
Father Russell
3 hours agoDune Awakening | Upgrading Our Spice Refineries
141 watching -
LIVE
CassaiyanGaming
1 hour agoHogwarts Legacy | Sunday at 7:15am
25 watching -
Boxin
3 hours agoToday We start Fable 2! The Gargoyles will die!
14.9K -
18:09
SouthernbelleReacts
1 day ago $2.83 earnedThis Movie Crawled Into My Soul 👁 | Sinister (2012) | First Time Reaction (PREVIEW)
52.6K15 -
28:35
marcushouse
1 day ago $4.38 earnedSpaceX’s Wild New Plan to Launch Starship Fast… and NASA’s Booster Test Ended With a BOOM!
44.1K7 -
LIVE
Whiz
17 hours agoThe Finals World Tour is Intense!
45 watching -
6:40:17
Jokeuhl Gaming and Chat
8 hours agoEmpyrion on Dorkitos - Rebuilding After the Crash
13.7K -
LIVE
Lofi Girl
2 years agolofi hip hop radio 📚 - beats to relax/study to
465 watching