Whole Life Insurance- Why Shopping Online Works Thanks to the internet, many more people are reading about and purchasing whole life insurance to protect their loved ones after they are gone. Some people are even choosing this type of coverage to create financial means for their future because of the investment options that come with a whole life policy. When you are looking for insurance, shopping online can be a great way to find...more
Whole Life Insurance- Start Planning for the Future Today Whole life insurance is going to give you financial protection and provide your loved ones with peace of mind after you are gone. This type of policy is going to be in effect from the date of purchase until your death, which makes it much more useful than other types of life insurance. Also, you can earn cash value by using this type of policy as an investment vehicle, which...more
Whole Life Insurance- What You Should Know As the name insinuates, whole life insurance provides people with coverage for their whole lives. This policy can be purchased at any time, but is usually best purchased by those under the age of 50. There are plenty of things that make a whole life policy different from other types of insurance out there, so it's time to learn the basics and be informed about all of the decisions that you have to make. Whole life coverage is put into effect from the day that you purchase it and cannot be taken away unless you don't pay your premiums. This is also known as permanent insurance, and it helps you guarantee that you are protected from the very start of your policy until your death. You will have to pay slightly higher premiums when you choose whole life coverage, due to fees and charges that aren't involved in the costs of term life insurance coverage. However, these policies do accumulate cash value over time, allowing them to offer an investment option and life protection in one product. The main reason that people buy permanent life policies is because they want protection that can also be an investment or asset to...more
Benefits of Life Insurance – Three Benefits for Your Family Life insurance is something that everyone who supports their family should look into. Whether you and your partner both have jobs, or you are the sole breadwinner of the family, you will be interested to see how you can protect your family financially in the event of...more
Characteristics of Single Premium Life Insurance – Know Your Options As you know, the main reason to obtain life insurance is to be able to provide for your family should you pass away. There are several different kinds of life insurance policies, all of which are designed slightly differently to meet all kinds of customers'...more
Characteristics of Universal Life Insurance – Understand Terms and Benefits The concept of universal life insurance was introduced in the early 1980s. It is a form of permanent life insurance that offers a cash value option. It has characteristics of both term and whole life insurance because it allows customers to choose the way they prefer to pay and the coverage they receive every year while interest rates are adjusted every month. There are various terms used to describe the characteristics of universal life insurance that you will want to understand before you sign up for one kind of policy or another. When you hear the phrase "account value," what is being referred to is the accumulated amount being contributed to the policy—including interest and your monthly premium—minus all charges taken out of the account's total. "Cash surrender value" is the account value when outstanding loans and surrender charges have been deducted. The "premium" is the amount you, the policy holder, are required to pay to keep the policy open and available to you. "Death benefit options" are the various ways in which your account builds money that is eventually...more
Corporate-Owned Life Insurance (COLI) – Could Your Corporation Benefit? Corporate-Owned Life Insurance (COLI) policies are designed for corporations and partnerships to have flexible life insurance policies where they are both the...more
Evaluating Life Insurance Needs – What Mistakes to Avoid If you are interested in getting a life insurance policy, you have already avoided the first big mistake in regards to life insurance, which is the failure to consider it as a...more
Life Insurance and Taxation – Know the Particulars Life insurance is advertised as being "generally" free from taxes. This means that the funds paid out from your policy—either the death benefit itself or cash value if you have a...more
Defining Long Term Care Insurance Although the benefits of long-term insurance are often discussed in many online and printed publications, most Americans have little knowledge on how this type of insurance exactly works and how long...more
The Downsides Of AARP Daily life Insurance Despite the fact that AARP lifestyle insurance coverage is a very well-identified lifestyle insurance item, there are a variety of significant drawbacks that can stop a lot of from obtaining...more
Long Term Care Insurance Features and Riders Aside from filling out application forms and listening to a long discussion with the insurance agent, many consumers fret all those puzzling bells and whistles that are pegged in most long...more