whole life insurance

What Are the Differences Between Term Life and Permanent Life Insurance

Posted on by Emily Miller
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 is Whole Life Insurance and Will It Really Last Until I Die?

Posted on by Tony Steuer
What is Whole Life Insurance and Will It Really Last Until I Die?

Whole life – often called ordinary life or straight life – is the original permanent life insurance policy, which is still the most commonly used in-force policy today. Over the past 20 years, this policy has become less popular, with the introduction of universal life, variable life, and variable universal life. These policies are less rigid than whole life.

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Tips for a Lower Whole Life Insurance Premium

Posted on by Emily Miller
Tips for a Lower Whole Life Insurance Premium

There are simple and easy ways to cut down one’s premiums cost for a whole life insurance policy that can benefit both the policyholder and their beneficiaries.

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Don’t Let Your Unwanted Life Insurance Policy Lapse. Sell it!

Posted on by Emily Miller
Don’t Let Your Unwanted Life Insurance Policy Lapse. Sell it!

Rising healthcare costs may make it difficult for retired individuals to stay current on other payments.

Some turn to their mortgage loans or insurance premiums for relief, eliminating any investments they don’t deem necessary. Those considering this approach should reevaluate their options, according to a recent report by the Napa Valley Register.

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Is Whole Life Insurance Being Overlooked?

Posted on by Karla Sullivan
Is Whole Life Insurance Being Overlooked?

When its owner for more than four decades passed away suddenly, Troy Belting and Supply Co in Watervliet, N.Y. could have collapsed, as do many family businesses that lose their leaders. Instead, the company continued to operate and grow, thanks in part to a succession plan funded by life insurance.

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Five Basic Types of Life Insurance Policies

Posted on by Todd Halterman
Five Basic Types of Life Insurance Policies

When it comes time for you to purchase a life insurance policy, you have the option of choosing from five different types of policies with each of them offering their own unique benefits. These five basic types of life insurance policies are term life, whole life, universal life, endowment, and annuity. The basic structure of the first four is to create a principle sum or estate through either the death of the insurer or through…

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What Are My Options For An Expired Term Life Insurance Policy?

Posted on by Todd Halterman
What Are My Options For An Expired Term Life Insurance Policy?

Many Americans choose term life insurance over whole life insurance because it’s more affordable, but despite low premium prices, there’s a critical caveat: policyholders who purchase a 30-year policy run the risk of their coverage expiring, if they outlive it. Individuals whose term-life insurance runs out always have the option of purchasing a new term policy, CBS Money Watch reports. However, they will have to undergo a medical exam and pay the premiums tied to…

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Top Answers to Questions About Whole Life Insurance

Posted on by Todd Halterman
Top Answers to Questions About Whole Life Insurance

To completely grasp the benefits of whole life insurance, you’ll need to understand the underlying details involve,d and to help you fully understand those issues, we’ve put together a list of answers to the top questions about whole life insurance. According to a study commissioned by the National Association of Insurance Commissioners, less than half of American consumers feel confident about making insurance decisions, and only 2 out of 5 U.S. consumers feel confident about answering…

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A Life Insurance Policy Can’t Be Seized by the IRS to Pay Back Taxes

Posted on by Todd Halterman
A Life Insurance Policy Can’t Be Seized by the IRS to Pay Back Taxes

For the most part, life insurance policies are purchased with the intent to provide financial security for an insured’s beneficiaries when they pass away, and the goal of most policies is to allow loved ones to maintain the same lifestyle as if the insured had not died. These policies also contain a number of rights and options, some of which can help you get through your own financial hiccups. Term life insurance policies offer the most…

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