Term Life Insurance- Is Cheap Life Insurance an Option? Everyone wants to know about cheap term life insurance and what it can do for them. While term insurance is generally cheaper than whole life insurance, you really need to look at more than the bottom-dollar cost of your insurance to find the best policy. Cheap insurance is great because it saves you money, but you also have to look at the coverage that you are getting and...more
Term Life Insurance- Characteristics of the Policy Term life insurance policies are unique in the way that they operate. With a term policy, life insurance is purchased for a certain period of time based on what a person needs and what a company offers them. There are different types of term policies to choose from, but they all have the same basic characteristics: -A fixed term period that a person has insurance coverage for....more
What is Life Insurance? - Things You Should Know At the most basic level, life insurance is defined as insurance coverage that provides protection in the event of death of the insured person. The benefit is paid to a named beneficiary that is chosen at the time that the policy is purchased, provided that the death occurred in a manner that is congruent with the policy regulations and terms. This type of insurance has been popular for a long time among all types of people, and yet is still widely under-utilized by many people throughout the country. A basic understanding might make it easier to buy coverage for some. Life insurance comes in many types of policies. Each policy has a death benefit, a premium that is paid, and specific terms and conditions that need to be met in order to remain in effect or be used properly. Some life insurance policies also have another element: cash value. Having a death benefit sometimes isn't enough for people who want to protect their wealth or increase their protection, which is why some life policies offer the cash value account that can be invested and earn a bigger return for people. There are two basic types of life coverage...more
Whole Life Insurance- The Advantages and Disadvantages of Coverage Whole life insurance policies are one of the top selling life insurance products available today. They are popular because they offer more than just a death benefit, and can give people the opportunity to plan for their future in a whole new way. Getting a whole life...more
Long Term Care Insurance – Preparing Yourself and Your Family Nobody wants to visualize himself in a state of anxiety when he is old, weak, and fragile and could longer perform his basic daily tasks. No matter how sad you might think of this scenario, you need to take actions to prepare yourself and your family. Aging is a reality...more
Whole Life Insurance- Different Types of Policies There are many different whole life insurance policies on the market today that you have to choose from. No matter what you need, it can be easy to get the coverage that you desire if you know what you are looking for. When it comes to whole or permanent life insurance, you can choose from any of the policies listed below. Universal life: This is a policy that gives you variable premium payments and an adjustable death benefit. You will be able to change things as your needs change, but you do have to know what is in the account and whether payments need to be made so the policy doesn't lapse. You can find policies with level premiums, planned premiums, guaranteed death benefits, and the option for lower premiums for slow generation of cash value. Whole life: This is a standard policy where you get level premiums for as long as you live and the policy builds over time in cash value. The cost will be higher initially but will become more affordable over time. Single premium life: This policy is like whole life coverage, but is paid with one lump sum premium payment when the policy is started. It's known as 'set it...more
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...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...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...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...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...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...more