What Are the Differences Between Term Life and Permanent Life Insurance

What Are the Differences Between Term Life and Permanent Life Insurance

Life insurance is a financial security net that protects your family when you pass away. It provides monetary support, which can be used to pay for the funeral, help make ends meet, pay off debt or even help pay for future expenses like college tuition. Its tax-free payment that can be used for any purpose after an unexpected loss. Is term life or permanent life insurance right for you? One benefit that life insurance has over direct…

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What Are the Consequences of Canceling a Life Insurance Policy

What Are the Consequences of Canceling a Life Insurance Policy

Most Americans are feeling a pinch in their wallets these days, and the hesitancy in the financial markets is only making matters worse. If you are among the millions of Americans who are struggling to make ends meet, you are probably searching for places to trim the family budget. However, reduced spending should not include canceling your life insurance policy. The LIFE Foundation reviews often-overlooked consequences of canceling a life insurance policy and offers tips…

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The Most Important Things To Know Before Buying Life Insurance

The Most Important Things To Know Before Buying Life Insurance

A recent study revealed that more than 80% of consumers said they’d use the internet to purchase life insurance, but they also say that doesn’t mean they wish to avoid direct, personal interaction when it comes to answering questions and addressing other concerns. Most respondents to the LIMRA study said that while they will use the internet as a starting point to research materials and then begin to think about their options, they also want…

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