General Life Insurance
When should you update your policy
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 [...]
Common Whole Life Insurance Terms & Definitions
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. [...]
Premiums On Whole Life Insurance
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 [...]
Preventing your policy from lapsing
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. The insurance company will keep its part of [...]
Chronic Illness & Other Expenses
Did you know that you can use your life insurance to meet chronic illness and other expenses. Changes in federal tax laws have made the prepayment of death benefits under a life insurance policy possible. Most new life insurance policies have a feature which provides access to a part of the death benefit, which can [...]
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Life Insurance Trusts
Is life insurance trust a good idea for you? Well, if you are looking to reduce your estate tax liabilities, setting up a life insurance trust may be in your best interest, as well as that of your heirs and beneficiaries. Before going further, you must understand what a life insurance trust is. A life [...]
Mortgage Life Insurance
Life insurance is a contract between the insurance company and the insured to pay a sum of money to the beneficiary of the policy on the death of the insured. Mortgage life insurance does just what its name suggests. Most families experience financial difficulties when the primary breadwinner dies, leaving the burden of paying off [...]
Pilot Life Insurance
The cost of life insurance can is influenced by your occupation. If you are in a dangerous occupation and you are exposed to the risk of death during your work, you will be paying more for life insurance. If you are a pilot, you may be required to pay more for life insurance. Besides the [...]
Term Life vs. Whole Life Insurance for Young Adults
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 provides protection for a specified period of time. Term life insurance is a special kind of life [...]
Special risk advocators
If you have a medical condition you can get still get life insurance. But the cost of life insurance will be downright outrageous. Things might change soon. There is now a new breed of insurance professional out there called special risk advocators. These special risk advocators help people with medical problems find affordable insurance. They [...]
