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What does your life insurance policy cover?
A life insurance policy is a contract between the insured and the insurance company. Insurance company agrees to pay the beneficiary named in the policy a sum of money on the death of the insured in exchange for regular and timely payment of premium by the insured. Nobody wants their loved ones having financial troubles, [...]
Which is your best choice – Term Life Insurance or Permanent Life Insurance?
When buying life insurance, besides considering how much you need, you must all understand and choose between term life insurance and cash value life insurance. Term life insurance and cash value life insurance are the two basic types of life insurance. While term life insurance covers you relatively inexpensively for a set period, cash value [...]
More life insurance myths
There are just too many myths surrounding life insurance. Some of them are just bizarre life you don’t need life insurance if you are young or your employer provides you with life insurance or you have mortgage life insurance. There are some myths surrounding life insurance which might sound true Here’s one which might sound [...]
Medical examination for life insurance
Generally when you apply for a life insurance policy, you may be required to undergo a medical examination. Insurance companies require you to undergo a medical examination to more accurately asses the risk they are about to undertake. Insurance companies are generally most concerned if your health condition will affect your life expectancy and make [...]
When should you update your policy
Life is never constant. We go through various stages. Life insurance is an important financial commitment and investment. Your life may have changed dramatically since you first purchased your life insurance policy. At every stage in life it is important to review your life insurance. You can review your life insurance policy by talking to [...]
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Whole Life Insurance
When you are considering a whole life insurance policy, a number of questions will come to your mind. The foremost will be why buy a whole life insurance policy? Well, for starts, a whole life insurance policy is the best bet if your goals are long term. It has built-in savings element. It builds cash [...]
General Life InsuranceMore General Life Insurance »
Common Whole Life Insurance Terms & Definitions
If you decide on buying whole life insurance, you will come across many terms which are associated with whole life insurance. These terms can be confusing. Before you take a decision, you must understand these terms and their meanings. One term that you will always hear when you talk about whole life insurance is dividends. [...]