Buying Life Insurance
What If You Can’t Find the Policy?
What if you can’t find the policy? Descriptive tags: How to collect death benefits if the policy is lost, Collecting death benefits if policy is lost, Collecting death benefits if policy is lost If you are the beneficiary of a life insurance policy, you will be entitled to receive the death benefits of the policy [...]
100 Things You MUST Know About Life Insurance
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 [...]
Insurance Ratings
Life insurance companies classify you into different rating categories based on your medical history and the results of the medical exam. Your life insurance underwriting classification, or rate class, determines how much you will pay for your premium. Because people are unique, they have different rate classes, based upon health and lifestyle characteristics. Although each [...]
When is Term Life a Better Bet Over Whole Life?
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 [...]
Whole Life Insurance Explained
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 [...]
Universal Life Insurance Explained
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 [...]
