Recent Articles
What Is Whole Life Insurance?
Whole life insurance is a type of permanent life insurance. Unlike a term life policy, a whole life plan offers you a guaranteed benefit. And the premiums will never change. Plus, you have the additional financial security of an accumulating cash value that grows over the life of the policy. An Investment That Protects You [...]
What Is Variable Universal Life Insurance?
Variable universal life is a form of permanent life insurance. It has become a popular way to invest money, mainly because its cash value has special “tax-advantaged” status from the Federal government. Even though it’s popular, a variable universal life policy isn’t for everyone. There are serious investment risks that go with a variable universal [...]
Finding Cheap Life Insurance
You work hard to provide for your family. And you don’t want them to ever have to struggle to get by. That’s why life insurance is such an important investment. But isn’t life insurance expensive? It doesn’t have to be. With some careful planning, you can find a cheap life insurance policy that will keep [...]
What You Should Know About Life Insurance
Many people wonder why they should buy life insurance. After all, what good is an insurance payout when you aren’t around to enjoy it? Life insurance is meant to help make sure that your family has enough money to get by when you pass on. The point of life insurance isn’t to protect yourself — [...]
Life Insurance Lingo
Beneficiary is the individual(s) designated to receive the death benefit in the event of the insured person’s death. Cash (Surrender) Value is the money that accumulates in your Life Insurance policy while the policy is in force. A portion of the premium you pay for the coverage goes in reserve and accumulates on a tax-deferred [...]
Who Needs Life Insurance
Life is our greatest value, the precious treasure we are given but once. Death is an irreversible loss which can and usually does affect our dearest and nearest deeply. In a situation of personal drama people may find themselves not only grief-laden, but also financially-stricken and absolutely unprepared to combat these hardships. Normally we do [...]
How Much Life Insurance to Purchase
If you have made up your mind to buy Life Insurance, the most important question to answer is how much insurance to purchase. The answer to this question depends on a number of factors, including your state of health and age, your marital status, your family’s financial circumstances and the needs of people depending on [...]
Renewable Term Insurance
Renewable Term Insurance is known for a special feature in accordance with which when your protection expires at the end of the designated term, you can renew the coverage but at a higher price conditioned by your older age. It is a natural outcome: as people get older, Renewable Term Insurance premiums usually increase so [...]
Return of Premium Term Insurance
Return of Premium Term Insurance (also referred to as ROP Term) is a newly introduced type of insurance that provides one of the options: either the death benefit or the return of the total insurance premium. Return of Premium Term Insurance is therefore a convenient financial cushion as the insured or the indicated beneficiary is [...]
Universal Life Insurance
One more type of Permanent Insurance is represented by a variety of Universal Life Insurance policies. Universal Life Insurance is a comparatively recent type of Life Insurance in the USA. It appeared in the 1980s as an alternative to the traditional Permanent Life Insurance policies known for lower interest rates of return. Universal Life Insurance [...]