Life Insurance Knowledgebase

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.

There are always those who look for opportunities to take advantage of the vulnerable. Life insurance also brings out scammers looking for opportunities. When you are buying life insurance, you need to be careful. There are many out there just waiting to pounce upon you and take advantage of you. There are different types of [...]

Consider term life insurance if most of your goals are short-term and you are not as interested in saving for the long run. It offers the most coverage for the least amount of money, and is set up based around spans of time. A whole life insurance policy is the one for you if your [...]

It’s never a question of do you need life insurance. The question should be why you need life insurance. None of us want our families to be unprepared for the future. By planning today, we can protect our family’s tomorrow.