Life Insurance Knowledgebase

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 [...]

Life insurance is a contract between an insurance company and a policy payer in which the policy payer, which is usually the insured, is ensured to have his beneficiary or beneficiaries paid a death benefit by the insurer in the event of his death. The policy payer will gradually pay the benefit through payment of [...]

Just because you have suffered a heart attack does not mean that you cannot buy life insurance. The application for life insurance will have a question regarding if you have been treated for heart disease or a heart attack. Don’t lie. Just be honest and mark yes. If you have recovered from a heart attack, [...]

When you are considering a term life insurance policy, a number of questions will come to your mind. The foremost will be why buy a term life insurance policy? Well, for starts, a term life insurance policy is the best bet to meet your short term goals. Term life insurance provides coverage for a specific [...]

Asthma is a long-term inflammation of the airways that makes breathing difficult. It affects almost 17 million people in the United States and is caused by allergens (pollen, dust), irritants (tobacco smoke, air pollution), exercise, infections of the respiratory system, and abrupt changes in weather. Asthma can seriously risk your life insurance costs. If you [...]

How much life insurance you need is one question that always pops up when you decide to buy a life insurance policy. There are two things you need to consider when deciding on how much life insurance you really need – family protection and business. If your are buying life insurance to make sure your [...]

Buying life insurance is a major decision in life. You must consider your requirements and finances. You must buy the policy that is best suited to meet you requirements. There are many life insurance products in the market and it can be confusing for the average “Joe”. Most people have their first contact with a [...]

Some employers offer group life insurance plans as part of the compensation package to their employees. Employers also use group life insurance plans to attract the best employees. Group life insurance plans have their advantages and disadvantages. Group life insurance provides coverage at a nominal investment. Generally, the employer deducts a fixed amount from the [...]

The 10 year term life insurance policy is a type of term life insurance. With a 10 year terms life insurance, you get a guaranteed level death benefit as well as a guaranteed level premium for 10 years. After 10 years, most insurance companies will allow you to renew the policy for another 10 years [...]

If you want to avail life insurance protection throughout your life, merely buying a whole life policy is not sufficient. You have to pay your premiums on time. A life insurance policy is a contract between the life insurance company and the insured. The life insurance company will pay death benefits to the beneficiary of [...]