Life Insurance Knowledgebase

It is a well known fact that insurance companies charge smokers more for life insurance. By insurance standards, even if you smoke your cigarette once a year you are considered a smoker. Insurance companies are generally most concerned if your condition will affect your life expectancy and make you a high death risk. Insurance companies [...]

When it comes to life insurance plans, many people prefer whole life insurance. A whole life insurance policy is one can keep for as long as you live and that will pay the face amount to your beneficiaries. Generally there are two types of whole life insurance policies: participating and non participating. A participating policy [...]

Whole life insurance and universal life insurance are similar in some ways but the main difference is that universal life insurance is like an investment. The cash value of a universal life insurance policy earns interest. There is likelihood for elevated cash growth if the market outperforms the insurer’s general account. Some insurance companies offer [...]

A life insurance policy is a promise by an insurance company to pay the beneficiary a specific amount of money when the insured die in exchange for timely payment of premiums. Life insurance companies generally offer two basic types of policies – term life and permanent life. Term life is the simplest in structure and [...]

Everyone who has a mortgage should get mortgage term life insurance. A mortgage term life insurance is a policy which provides sufficient death benefit to pay off the mortgage in the event of the death of a breadwinner. It is also inexpensive.

You have worked hard all your life and you have finally retired. Your children are all grown up and have families of their own. Your mortgage is paid and all your debts have been cleared. There is no one dependant on you financially. If you are in such a situation, you should seriously consider life [...]

Traditionally men have been the more frequent buyers on life insurance. Do women need life insurance? Yes, they do and they need it for exactly the same reasons men do – to replace lost income, pay a mortgage, provide money for death expenses, provide for the long-term security of family. It’s not just married women [...]

Understand how life insurance premium is calculated is not easy. There are many factors that go into calculating the premium. The insurance company will estimate the risk you pose for the company. The risks that insurance companies fear are those that could cause you to die early.