Types of Term Life Insurance – Looking at the Different Types of Term Life Insurance Many people are surprised at the fact there are multiple types of term life insurance. You need to understand these differences to make sure you get the right policy for you and your family. The most common type of term policy is the level term. This policy is the most straightforward of the term policies. You pay a fixed premium amount each...more
Types of Variable Life Insurance Products – Reviewing the Different Types of Variable Life Insurance Products There are different types of variable life insurance products on the market today. One type is the simple variable life insurance policy. This works the same as most other permanent life insurance policies as far as providing an increasing cash value and being permanent instead of temporary. The biggest difference between...more
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 time the insurance company issued the policy. This form of insurance places the financial risk on the insurance company. If they underestimate claims, they cover the difference. But, if they overestimate them, they get to retain that difference. The next type of whole life insurance is participating. This type of policy gives the policyholder the ability to collect dividends. The insurance company invests the cash value of the policy. If that investment pays dividends, the policyholder can reap the rewards. But, dividends are not a guarantee. The third type is an indeterminate premium policy. This is very similar to the non-participating policy. The main difference is that the policy does not fix the amount of the premium. It only guarantees...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...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...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 size fits all solution when it comes to life insurance, though there are certain lifestyles that will be better fits for certain kinds of policies. For example, if you are married and you own property, you may want to consider survivorship life insurance. This is a kind of policy in which two spouses are covered. The beneficiaries may not collect on the insurance until both spouses have passed away. As is normally the case in life insurance, there are both advantages and disadvantages to this kind of insurance plan. The largest advantages of survivorship life insurance go to those who have spouses and who also own property. As a matter of fact, most people who use this relatively uncommon kind of insurance are those who have much money wrapped up in real estate assets. The reason is that this insurance is designed to fit the needs of those...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...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...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