Life Insurance Knowledgebase

You can use your life insurance policy as a charitable donation if you are that kind of a person who is always concerned about the welfare of others. You can donate your life insurance policy to a charitable organization. Donating your life insurance policy to a charitable organization will entitle you to a tax-deduction. The [...]

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 [...]

A life settlement is a financial transaction in which you sell your life insurance policy to a third party for a price higher than the cash surrender value offered by the insurance company. The purchaser becomes the new beneficiary of the policy and is responsible for all subsequent premium payments. The two main advantages of [...]

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 [...]

Your life insurance policy will pay a fixed benefit to your beneficiaries when you die. This benefit is determined when you buy the policy. You can add more benefits to your life insurance policy but you will have to pay more. These additions are generally called riders. Some of them are well worth the extra [...]

If you are young, ready to take on the world and looking for long term protection, you might want to consider variable life insurance. It offers investment and security. It is a form of whole life insurance but gives you more control over the cash value and death benefits amount. Variable life insurance provides permanent [...]

Return of premium life insurance is a newly introduced life insurance policy that provides both death benefit protection and a return of premium insurance feature. With return of premium life insurance, if you keep your policy for the term period, at the end of term, the insurance company will return the entire premium that you [...]

Many people prefer whole life insurance policies because it serves two purposes – life insurance and investment. Whole life insurance is a subcategory of permanent 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. It has a level [...]

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 [...]

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. Since in a second to due life insurance the [...]