Term Life Insurance - The Pros and Cons A life insurance policy means that an individual has an immediately established estate to leave to their beneficiaries once they pass away. It is of particular importance for the person in a household that is the primary income earner to consider life insurance in order to continue to provide for his or her family after they are gone. Term life coverage is perhaps the most popular type of...more
Types of Life Insurance - Are They All The Same? Life insurance is a tool that many people use to provide a healthier or more robust estate for their beneficiaries. There are a number of different types of life policies available but they all work in basically the same way. An individual chooses how much money they want to leave behind to their family or loved ones and then pays monthly premiums on a policy until they pass away. At...more
Death Benefit Proceeds of Life Insurance - Distribution and Taxation! The taxable nature of death benefit proceeds from life insurance is something that most people do not have a clear understanding of. Most people believe that the death benefits received by the beneficiaries of a life insurance policy are always tax-free while others believe that the payout from a life insurance policy is taxed like any other sort of income. In truth, death benefits are generally tax-free with a few notable exceptions. In the majority of cases, the beneficiaries of a policy are not responsible for any taxes associated with the money that they receive. Like most things associated with taxes, however, there are some loopholes.Death benefits are usually distributed by means of a lump sum payment to the beneficiary of the policy. The most common type of life insurance policy is term life and since these policies do not accrue any additional income, there is nothing to be taxed. Death benefits may also be distributed in the form of an annuity. An annuity is generally a series of monthly payments that are made to the beneficiaries until the funds in the policy have been exhausted. In some...more
Choosing the Right Life Insurance - Making the Best Decision Choosing the right type of insurance policy to meet your needs requires you to have a clear purpose in mind for the policy. If you are interested in simply covering whatever costs are associated with your funeral and burial, a simple, low-cost term life policy may be best....more
Investment Through Life Insurance - The Basics A life insurance policy can go well beyond simply providing for the beneficiaries of the policyholder after their passing. The right type of policy can actually act as a vehicle for investment or savings. If a person is interested in saving money in addition to what they are placing a...more
Is Term Life Insurance a Good Investment? - The Facts Trying to decide what type of life insurance is best going to suit your needs can be a daunting and confusing task. There are a myriad of options available and you must consider not only the amount of money you intend to leave behind but also your budget. Life coverage is best looked at from a long-term perspective and in some cases it can be an excellent way to invest and save money for retirement or unexpected expenses. Whole life, universal life, and variable life policies are the most expensive types of life policies because they include investment opportunities. A term life policy on the other hand can be quite inexpensive and is an excellent choice in some situations.The biggest drawback of term life policies is that if you outlive the term, you are not likely to see any return on the investment you have made over the years. Of course, outliving the term life policy seems like a great thing but spending 10, 20, or 30 years making premiums without anything to show for it can be incredibly frustrating. Term life policies do not have any investment or savings features built into them and at the end of the term...more
Life Insurance - Extra Cash When Times Are Tough A permanent life insurance policy that a person has been paying into for a number of years can provide them with a means to get emergency cash without having to deal with a bank. Not all...more
Pet Care Insurance- Planning Ahead Not many people understand the massive responsibility that is included with owning a pet. Upfront expenses, depending on the age of the pet, will consist of veterinarian visits for preventative shots,...more
Get Universal Life Insurance Policy and Secure Your Family Have you ever thought the reason of increased interest of people in life insurance policies? The probable reason might be the comfort they want their family to have after...more
Share the positive thoughts to propagate prosperity in your and everyone's Life Human mind is something that is filled with lots of emotion, sensations, attentiveness, aggression and a blend of everything that relates to the...more
Life insurers revolve to agents Bank-promoted life insurance companies to expand agent base, finding no unusual to attract new business.Bank-promoted life insurance companies are diversifying into the agency route, as the bancassurance...more
How To Be Successful And Take Charge Of Your Life Do you want to live the successful life you always desire and take full control of your own life? If you do, this will be the perfect article for you. This is exactly what you are going...more