Life Insurance Knowledgebase

A joint life insurance policy is a policy that enables two individuals to be protected, but the full value of the policy is paid only once at the time of either insurer’s death. This is also known as the joint first to die clause. Your spouse, children and even your business partner can benefit from [...]

Your life insurance is very important. It provides for your family after you are gone. It is therefore very important that your life insurance company is reliable. How do you decide which life insurance companies are good? First thing you need to check is whether the life insurance company you are dealing with is licensed [...]

Life insurance companies classify you into different rating categories based on your medical history and the results of the medical exam. Your life insurance underwriting classification, or rate class, determines how much you will pay for your premium. Because people are unique, they have different rate classes, based upon health and lifestyle characteristics. Although each [...]

When you reach a certain age you may want to consider adding final expense life insurance to your existing life insurance. This will help your families make sure that families have enough money after you die. Final expense life insurance will help your family finish the final expenses left behind by you. It can also [...]

It seems like the plot of a Hollywood movie: a person fakes their death, collects the death benefit from their life insurance policy, and lives happily ever after on a small tropical island. It’s nothing more than a silly fantasy, a pipe dream with no relation to reality. And yet, many people have been foolish [...]

During these troubled economic times, both investors and average citizens are fascinated with the panic on Wall Street. One by one, giant corporations collapse into themselves like stars going supernova. With all the companies going belly up, it seems that one company in particular has gotten a great deal of press. As John Carney recently [...]

The 20 year term life insurance policy is one of the most popular life insurance policies. The 20 year term life insurance is temporary life insurance protection. You generally pay a level premium for the first 10 years. The premium increases starting in year 11 and remains level for the balance of the 20 year [...]

A rider is the additional coverage can be added to your existing life insurance policy. The two most common riders offered by life insurance companies are the waiver of premium and accidental death benefit riders. These two riders are two hidden benefits of life insurance. If you opt for these riders by paying more, it [...]

Do you have a history of mental illness? Are you concerned that this might adversely affect your search for life insurance? Are you worried that you might have to pay for life insurance because of your history of mental illness? A history of mental illness does not necessarily mean higher life insurance costs. Insurance companies [...]

Term life insurance is the simplest in structure and favored by most people today because of cost. Term life insurance provides coverage for a specific period or term. It is sometimes referred to as temporary insurance. The policy pays cash benefits to the beneficiary if death occurs within the specified period or term. Term insurance [...]