Advantages and Disadvantages of Universal Life Insurance – Considering All Points Every type of life insurance policy has both its advantages and its disadvantages. If there was one common policy that was better for everyone, it would be the only option to choose from. Universal life insurance is a kind of whole life insurance because it can be maintained for the rest of a policy holder's life. However, it also shares some...more
Advantages and Disadvantages of Variable Life Insurance – Make an Informed Decision The purpose of all kinds of life insurance is to provide a financial safety net for your family once you pass on. The ability to know you are leaving your family in a stable situation when you pass away is something that will offer you great peace of mind during the years left in your life. Variable life insurance is one type that may be of...more
Advantages and Disadvantages of Whole Life Insurance – What to Consider Before You Buy The purpose of life insurance is to provide your family with some financial security in the event of your untimely passing. During your living years, you pay a premium to ensure that your family will have some extra finances to fall back on once you are no longer with them. The peace of mind you experience today and the benefits your family eventually experience are the reasons behind why people purchase life insurance policies. If you are considering a whole life insurance policy, you will be interested to learn the advantages and disadvantages of this insurance selection. The advantages of whole life insurance are many. First, your premium is locked into place so the payments you make are the same today as they will be five years from now. The only way the premiums can change is if you get a kind of whole life insurance policy that allows you to decide how much you pay. You will never be forced to pay more in order to keep your policy. Plus, your policy builds cash value over time so it can actually serve as a means of investing. Fortunately, this money is tax...more
Life Insurance Purchased in Qualified Retirement Plans – A Look into How it Works While you may have the desire to take out a life insurance policy, the problem may be your inability to pay for the high premiums of the policy you want. If you are a business person looking for a way to save for retirement and find the funds...more
Life Insurance Tax Treatment – Understanding the Procedures The purpose of a life insurance policy, no matter which of the many types you choose to purchase, is to provide your family and any other beneficiary with financial security once you have passed away. The funds paid out by the insurance company once the policy holder has...more
Primary Purposes of Life Insurance – Protecting Your Family Financially The one non-negotiable aspect of life is the inevitable fact that everyone must die someday. This seems like a morbid thought, but when you realize that you need to be taking steps to protect your family once you pass on, you will understand the importance of recognizing the inevitability of death. There is no way to predict when something might happen to take your life. While is this certainly not a fact you should dwell on too often, you can obtain life insurance to protect your family once you are no longer with them. That is the primary purpose of life insurance—to offer your family financial security in the untimely event of your passing. What is life insurance, then, and how can it provide financial security for your family? You obtain life insurance from a company to form an agreement that states an exact beneficiary sum that your family will receive when you pass on. In the meantime, you pay a premium either on a monthly basis or in a lump sum of six months to a year. Since this is one form of insurance that will eventually be claimed no matter what, it is a wise...more
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...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...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...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...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...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...more