Life Insurance Knowledgebase

Servicemembers’ Group Life Insurance is low-cost term insurance protection for members of the armed forces. All service members on active duty, ready reservists, members of the Commissioned Corps of the National Oceanic and Atmospheric Administration and the Public Health Service, cadets and midshipmen of the four service academies, and members of the Reserve Officer Training [...]

You can apply for life insurance in several ways. How you apply or how you purchase the policy is not important. What is important is that you understand exactly what you are covered for before you buy any life insurance policy. The policy should adequately cover you and your family. Without adequate coverage, the very [...]

Most of us never think about taking out life insurance because like most people we don’t like to think that we might suffer an untimely death. How often have you thought “that won’t happen to me?” And yet, how often has something happened when you were sure that you would not be a victim of [...]

A no lapse guarantee life insurance is a variable universal life insurance policy in which, if the accumulation of the premiums paid at any point in time (minus policy loans, and withdrawals) equals or exceeds the minimum premiums due at that point in time, the policy is prevented from lapsing. This lapse prevention is guaranteed [...]

If you have been diagnosed with cancer, you will have to fight an uphill battle to find life insurance. Being diagnosed with cancer does not automatically disqualify you from getting life insurance cover. If you have had cancer and you are looking for life insurance, there are certain factors the insurance company will take into [...]

One of the most important decisions you have to take when you buy a life insurance policy is naming the beneficiary. The beneficiary of your life insurance policy receives the proceeds of the policy upon your death. It might not be an easy decision for many of you. It is not always easy to decide [...]

Guaranteed issue life insurance. Sound interesting. You must have seen the fliers, heard the radio spots, and seen the commercials. They send out the same message – get approved with no medical exams and no medical questions. Too good to be true? Guaranteed issue life insurance is a policy that’s guaranteed to anyone without regard [...]

A guaranteed death benefit policy is one in which there is a minimum sum payable on the death of the insured. The guaranteed death benefit makes this policy irresistible for some. So if you are planning on buying a guaranteed death benefit life insurance policy, here are a few things you should consider. First of [...]

The internet has revolutionized every aspect of our life. This includes life insurance. Before the advent of the internet, one could only buy a life insurance policy from an insurance agent or directly from the insurance company. But now, one can buy a life insurance online. There are some insurance companies who offer policies that [...]

Whole life insurance is an insurance policy whose term is the rest of the life of the person insured. 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. It is more advantageous than a term life insurance policy if [...]