Life Insurance Knowledgebase

Life insurance can be a touchy subject: after all, no one likes to be reminded of their own mortality. However, purchasing life insurance is very important. If you have loved ones or other financial obligations that your existing assets would not be able to cover in the event of your death, you should begin looking [...]

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 [...]

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 [...]