Types of Whole Life Insurance – What are the Different Types of Whole Life Insurance? You will find several types of whole life insurance available on the market today. They can go by different names in different areas, but here are the basic forms and their descriptions. The first is non-participating. This form of whole life insurance holds the death benefits, cash surrender values, and premiums at a fixed amount set at the...more
Variable Life Insurance Products – Understanding the Variable Life Insurance Products There are a number of variable life insurance products on the market. All of them utilize the option of allowing the policyholder to designate which investments the cash value of the policy resides. The variable part of the name indicates the fact that the amount of policy benefits will vary according to the investments made over the life of the...more
What Is Life Insurance? – What is Life Insurance? What is life insurance? There are legal definitions and practical definitions. The basic legal definition states that life insurance is a contract between an insured person and an insurance company that on the event of the insured person's death the company will pay a certain sum of money to the named person's beneficiary. In practical terms, the insurance company will pay the beneficiary the amount of the policy when the insured person dies. But, life insurance can mean much more than money to families and businesses. It can mean ongoing stability in the wake of an unexpected death. Many families start considering life insurance when they start having children. And that is the responsible thing to do. Families usually have one or two wage earners. If the primary wage earner dies, the family has no income. If one of two dies, the family loses half of its income. If a stay-at-home parent dies, the primary wage earner has to step in and take over the at-home responsibilities. All of this requires monetary support. That is exactly what it does for young families. It provides the monetary support to keep the family...more
Advantages and Disadvantages of Survivorship Life Insurance – A Policy for Spouse with Real Estate For those who are interested in finding a life insurance policy that will provide their beneficiaries with the greatest sum, it is going to seem that there is no easy answer. To some degree, this is true. There is certainly no one...more
Advantages and Disadvantages of Term Life Insurance – Some Things to Consider If you have been looking at different kinds of life insurance options, then you have probably realized that there is whole life insurance and term life insurance. While there are the two basic kinds of life insurance, it should e clear to you that there...more
Characteristics of Whole Life Insurance – Many Variables When you are considering whole life insurance policies, it's important that you are considering all of your options. From a distance, it might seem that there are only two different kinds of life insurance, term and whole life. The truth of the matter, however, is that these two kinds of insurance each include a number of different variations. The one you choose will depend largely on your financial stability, as well as your overall financial outcome. In this article, we will explore the characteristics of whole insurance policies. As the name of this kind of insurance policy suggests, these policies are designed to protect the insured against claims for his or her entire life. When it comes to premiums, there are a number of different variable. For example, there are some policies that will allow you to pay the same amount each and every year. There are also policies that will require you to pay every few years. In terms of which policy you get, this will depend largely on your finances and what the insurance company decides that you can pay. There are also some policies that will offer premiums that vary...more
Corporate Owned Life Insurance – Key Employees If you are researching the world of life insurance for the first time, then you are probably learning that there are a number of different options out there. As a matter of fact, there...more
Evaluating Life Insurance Needs – Thinking about the Future Most people will reach a point in their lives when they have to consider life insurance as an option. This can be an incredibly important and sometimes difficult task. The...more
On the Life and Philosophies: Siddhartha Gautama Siddhartha Gautama was born in the sixth century B.C. in what is now called the Southern Nepal. It was a small country that was ruled by a clan called the Shakyas whom the king is...more
The Essence of Gratitude and Appreciation - Change Your Life in a Wonderful Way Feelings of appreciation and gratitude are just as powerful as the feeling and emotion of love.Make each day a day to express thankfulness, appreciation,...more
Cancer makes it harder to insure one's life Confronting cancer as a health problem is a challenge that unfortunately not so many people can withstand these days. Of course, there are effective treatment forms for most types of...more
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