Life Insurance Knowledgebase

Buying life insurance can be an emotional issue. There are those who tell you that buying life insurance for children is a waste of money. The purpose of life insurance is to replace a breadwinner’s salary and children seldom have an income that needs replacing. While this is true, it does not take into consideration [...]

When you apply for life insurance, the insurance company will assess your risk based on a number of factors. The cost of your life insurance will depend on the risk you pose to the insurance company. A major factor which determines this risk is your lifestyle. The aspects of your lifestyle that affect how much [...]

What is a life insurance quote? Life insurance quotes refer to the rates of life insurance policies. It varies form company to company and from policy to policy. Basically life insurance quotes are the prices at which the life insurance company offers you their policies. Life insurance quotes can also vary form individual to individual. [...]

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. Both variants of a whole life insurance policy – participating and non-participating polices have an attractive feature: it has a cash value. Cash value is a built-in savings element. If [...]

Servicemembers’ Group Life Insurance is low-cost term insurance protection for members of the armed forces. All service members on active duty, ready reservists, members of the Commissioned Corps of the National Oceanic and Atmospheric Administration and the Public Health Service, cadets and midshipmen of the four service academies, and members of the Reserve Officer Training [...]

You can apply for life insurance in several ways. How you apply or how you purchase the policy is not important. What is important is that you understand exactly what you are covered for before you buy any life insurance policy. The policy should adequately cover you and your family. Without adequate coverage, the very [...]

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 [...]

A no lapse guarantee life insurance is a variable universal life insurance policy in which, if the accumulation of the premiums paid at any point in time (minus policy loans, and withdrawals) equals or exceeds the minimum premiums due at that point in time, the policy is prevented from lapsing. This lapse prevention is guaranteed [...]

If you have been diagnosed with cancer, you will have to fight an uphill battle to find life insurance. Being diagnosed with cancer does not automatically disqualify you from getting life insurance cover. If you have had cancer and you are looking for life insurance, there are certain factors the insurance company will take into [...]

One of the most important decisions you have to take when you buy a life insurance policy is naming the beneficiary. The beneficiary of your life insurance policy receives the proceeds of the policy upon your death. It might not be an easy decision for many of you. It is not always easy to decide [...]