Survivorship Life Insurance – The Perfect Estate Planning Tool In exploring the various types of life insurance, you undoubtedly want to find an option that will work best for your situation. One less conventional option is to choose survivorship life insurance. Also called second to die life insurance or joint and survivor life insurance, this kind of insurance policy will provide insurance for the lives of two individuals...more
The Many Uses of Permanent Life Insurance – Benefits During and After Your Lifetime The term "permanent life insurance" suggests that once you have your policy, you keep it for life. Since the death benefits associated with the policy cannot be claimed by your beneficiaries until you pass away, the name is quite appropriate. However, there are many uses for permanent life insurance—also known as whole life...more
Types of Single Premium Life Insurance – Two Options for Investing Your Money If you can leave your family a substantial amount of money once you have passed on, you will guarantee their comfort and benefit from great peace of mind during your remaining years alive. There are many different kinds of life insurance, which can become complicated for customers trying to find the best option for them. Single premiums life insurance is one option under the broad category of whole life insurance. If you do not like the idea of paying monthly premiums, you can choose single premium life insurance instead. As you might imagine from the name, you choose a single lump sum to put into your policy and guarantee death benefits for your beneficiaries. Under the single premium life insurance option, there are two types of policies that you can look into. These vary because they offer different investment options. The first choice is a single premium whole life insurance policy. The money you invest in your policy will earn a fixed interest rate over the length of time it is in the account. This rate is determined by current economic conditions and the company's...more
Types of Term Life Insurance – Three Options to Consider Life insurance is important for anyone who supports a family to look into today. What if you were in an accident and left your family without any means of income? Life insurance addresses this possibility by offering your family a financial safety net in case of your loss...more
Types of Whole Life Insurance – Four Options to Choose From Whole life insurance is one of the two broad categories of life insurance you have to choose from today. The other option is called term life insurance. If you decide that whole life insurance is right for you, you still have four different types of whole life...more
Cheap Life Insurance- Finding the Best Insurance for Your Money When you are shopping for cheap life insurance, you might feel like it is the impossible task. For some people, that may very well be the case. If you take the time to explore your options and learn about what you are doing, however, you can have much better success at getting the best life insurance that money can buy. Here are some ways to help yourself when it comes to saving money on life insurance coverage: -Never buy more coverage than you need. This might sound like common sense, but the reality is that it is easy to be lured into a huge policy that will leave behind a lot of money when you really don't need it. If you have a plan and know what you need, saving money will be easy. -Always make sure that you shop around. Comparing policies and companies is important because each company sets their own rates and has different levels of coverage for people. If you choose the first policy that you find, you will be at least 80% more likely to overpay for your life insurance coverage. -Buy term life insurance if you can. Term coverage is a lot cheaper than whole life insurance. If you only need...more
Life Insurance- Guaranteed Approval Policies for Everyone Life insurance isn't easy to get. People who are young and healthy can get approval almost anywhere and for almost any type of policy. However, people who are older or have even...more
Life Insurance- How to Choose the Right Type of Coverage Buying life insurance is not an easy task. You can't just run to the store, grab a policy, and go. You have to think about your needs, look at different coverage options, and...more
Life Insurance- How the IRS Defines it for Tax Purposes Understanding life insurance is not at all difficult, but understanding the premise of life insurance policies as the IRS does is a little more complicated. In 1984, as more...more
Life Insurance Death Benefits- What You Should Know about Taxation Almost every life insurance policy has death benefits paid at a tax-free rate. That means that if you have $200,000 in benefits, your beneficiary will receive this...more
Life Insurance Quotes- Five Reasons to Get Quotes Online There are plenty of different ways that you can go about getting life insurance quotes. A lot of people like to go about things the old fashioned way because it makes them feel...more
Life Insurance Taxation- Information You Need to Know Before You Buy Life insurance and taxes are something that a lot of people know very little about. This usually comes from the idea that most people have that insurance is tax-free....more