Return of premium life insurance is a form of term life insurance in which you are guaranteed to either receive your death benefit or get your premiums back. It is touted as an alternative to those who believe a term life insurance policy is best, but who don’t want to loose out on the thousands...
Life Insurance
There are so many different types of Life Insurance that it’s important to understand all of the options available. Here you’ll find information on term life insurance, whole life insurance, universal life insurance, variable life insurance, and much more.
Term life insurance is generally an affordable policy, and finding the best rates is feasible with doing some product research. Due to the increase in competition, term life insurance rates have been on a steady decline. Here are a few things to consider when searching for the best term life insurance rates for you. Term...
Some people may wonder, why buy life insurance? After all, it may seem as though it is a strange financial decision to pay money each month in order to receive cash after you die. However, it is essential for people in many situations to buy life insurance in order to protect their families. Who Should...
A family life insurance policy is a form of term life insurance that protects families in the instance a parent passes away. Usually, families purchase this type of policy because they are worried about the continuing costs of raising children, and that the spouse won’t be able to manage these costs if their spouse passes...
Child whole life insurance is a tremendous gift for your child. A whole life policy covers your child for life, and establishes they can get insurance throughout their lifetime, no matter if they choose a high risk occupation or suffer a major illness or injury. Whole life insurance is meant to be a permanent lifelong...
Short term life insurance is a type of life insurance that provides you with coverage for a very limited period of time. It is less of a hassle to apply for a short term life insurance policy than a traditional long term policy. Since the risk of death is much smaller during a short span...
The most commonly purchased insurance is 20-year term life insurance. The product is popular because it provides life insurance protection for a set premium that doesn’t change during the entire 20 years. Term insurance is available for periods ranging between 5 and 35 years, but the generally reasonable cost, along with the length of protection,...
Whole life insurance policies are a type of permanent life insurance. As such, whole life insurance policies also come with an investment portion. The whole life policy has a fixed premium and death benefit, while the cash value portion of the policy can increase over time. Here are some of complaints about whole life insurance...
Making the term life vs. whole life insurance comparison is increasingly common these days, since the two types of insurance are among the most popular choices. Understanding the differences between the two types of insurance makes it easier to decide which is best for your personal situation. Term Life vs. Whole Life Insurance – What...
A term life insurance policy and a long term care insurance policy have very similar sounding names. However, they are two completely different products that serve distinct functions. Both a term life insurance policy and a long term care policy are important elements of your financial planning. What is a Term Life Insurance Policy? A...