Life Insurance Knowledgebase

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, [...]

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 [...]

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 [...]

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 [...]

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 [...]

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. [...]

Most of you may get overwhelmed by questions or concerns when it comes to buying life insurance. This article will try to answer some of those questions and concerns and try to make the process of buying life insurance easy for you. The first question that pops up in everyone mind is what’s the best [...]

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 [...]

Premium is the periodic payments to make to the insurance company in exchange for the insurance company providing you with life insurance. In the present economic scenario, it is common for people to default on the payment of their life insurance premiums. If you have failed to pay your life insurance premium, its not a [...]

Life insurance is for all. It’s not just for adults. Even a child’s life can be insured with child life insurance. Most of us never think out our children could die. But life is always unpredictable. Life insurance is not always about death. Child life insurance is about the future and preparation for a better [...]