Life Insurance Knowledgebase

If you are young and just out of college, life insurance is probably the last thing on your mind. Sometime, you employer may offer you life insurance as part of your package. With life expectancy increasing every year, the likelihood of death before one’s thirtieth birthday is quite small but the destruction it can leave [...]

It’s never too late to start looking for life insurance. Similarly it is never too early to apply for life insurance. In fact the earlier you apply the better. If you apply at a young age, you will be able to enjoy the protection at lower costs. So the first rule when it comes to [...]

Second to Die Life Insurance policy is a life insurance policy that insures two people at the same time. The benefits are paid only after the second person dies. It is also referred to as last-do-die insurance, joint and last survivor insurance and survivorship life insurance. You would generally not need a second to die [...]

We Americans tend to insure everything that we think is valuable – homes, cars, personal belongings, even pets! It therefore makes sense we insure our lives and the lives of our family members. Nobody wants their loved ones having financial troubles, especially after they are gone. Life insurance is one way of ensuring that your [...]

Diabetes is commonly known as ‘high sugar’ problem. Much of what we eat is converted to glucose, also loosely called sugar. To use this sugar our body needs insulin. When there is lack of insulin, this sugar can not be utilized by the body and diabetes occurs. Diabetes can cause serious complications that can cause [...]

If you are the beneficiary of a life insurance policy and the insured has expired, you must contact the insurance company in order to collect the death benefits payable under the life insurance policy belonging to the insured. If the insured who has expired is a loved one, you may not be in a position [...]

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 [...]

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 [...]

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 [...]