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...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 policy offers a wide selection of options and benefits, but you also have to look at the drawbacks of this type of policy in order to make the best decisions. Here are some things to look at: Pros of Whole Life -The policy will remain in effect for your entire lifetime as long as you pay the premium.-Policyholders can cancel at any time and get the cash value that they have accrued paid to them.-Whole life policies can build cash value and be used as an investment vehicle.-Death benefits will remain the same even if the cash value account fluctuates.-You can borrow against the cash value of your whole life policy for a variety of emergency needs.-Whole life insurance can be purchased with a level premium.Cons of Whole Life -Buying whole life insurance is more expensive initially.-You have little to no flexibility or control over your...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...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 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 exactly what you need. Many people are skeptical of shopping for insurance products online because of personal information safety, but it is actually the most effective way to get coverage. Why shop online for whole life insurance? Here are a few reasons: -Whole life insurance quotes are easy to find online. You can find dozens of different companies that offer quote services to help you get a better idea of your life insurance options when you choose to use the internet to your advantage. -You don't have to talk to a pushy agent or salesperson until or unless you want to. You can learn all about whole life policies, what your options are, get quotes and even get approved for your policy without having to go to an office or call anyone...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
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