Types of Life Insurance Policies

Many people are concerned about what would happen if they die or suffer an accident that leaves them disabled.If they aren’t, they probably should be. Would their loved ones be able to afford to take care of them? Would they have money to pay medical bills or funeral expenses?Accidental death insurance is a policy that [...]

If you are like most people, you probably think of life insurance as a way to provide for your loved ones in the event of your death.But what if I told you that life insurance policy loans could also be utilized as a source of short-term funding?That’s right, borrowing against life insurance can be a [...]

The 40-year term life insurance policy is gaining traction among many younger buyers and those with long-term financial commitments.This new innovative term insurance option allows forward-thinking buyers to lock in affordable rates for their entire adult lives.This guide will delve into how this policy choice provides unmatched security for your family over a prolonged duration.  quick [...]

Are you looking for permanent life insurance but don’t want to continue making payments?If so, a single premium life insurance policy might be the right choice for you.As the name suggests, single premium insurance only requires a one-time payment to purchase coverage which can last a lifetime.In this blog post, we’ll discuss the three main [...]

You may have heard of the “Infinite Banking Concept” but are unsure what it is or how it works.The infinite banking strategy utilizes cash value life insurance as a component of a diversified investment portfolio. Because cash value life insurance is a liquid asset, it offers a convenient way to fund major expenses that can come [...]

You’re here because you’re considering buying whole life insurance and need to know the basics. That’s great!Whole life insurance is the most popular form of permanent life insurance in America for a good reason.If you’re wondering whether or not permanent coverage is right for you, keep reading to learn more about the pros and cons [...]

New hybrid long-term care insurance policies offer more flexibility by combining long-term care insurance with universal or whole life insurance.Most insurance consumers typically look at life insurance coverage separately from stand-alone long-term care insurance. The most significant risk of buying an individual long-term care policy is that you will never up in a nursing home or [...]

Are you looking for a universal life policy with a cash account with higher growth potential?An indexed universal life insurance policy offers the best of both worlds – death benefit protection and access to more significant cash values in retirement while remaining affordable for most people!These plans have many advantages and a few weaknesses, which [...]

Life insurance is often thought of as a safety net. It protects your family and loved ones if you are no longer around to care for them.You’ve been paying for years into the same company for the same amount of coverage on what seemed like an endless, open-ended policy with no expiration date in sight. But [...]

Are you considering a universal life insurance policy? But, you have been hesitant because you are concerned about the high cost of universal life coverage.Most people automatically associate all permanent coverage with much higher costing premiums because of the savings element.However, today’s universal life policies offer both affordable premiums and death benefits for life.Do you [...]

Did you purchase a flexible premium adjustable life insurance policy back in the 1980s or early 1990s? You may have received a letter from your insurer claiming that your adjustable life insurance policy is not performing as originally illustrated.Policyholders getting these notices are usually required to contribute additional premiums to prevent their current adjustable life [...]

Is cash value life insurance better, or should you opt for term life coverage?  With so many options available for life insurance policies, it can be challenging to decide which policy is suitable for your needs and budget. Do you want a fixed or variable rate? And then insurers throw in terms like “cash value,” which [...]

Are You Retiring Soon with a Pension? You probably landed on our site because you are retiring soon with a pension and wanted to learn about pension maximization life insurance. Most retiring employees must choose between taking a lump sum, a single-life pension, and a variety of different joint-life pension payouts. So, how do I [...]

Mortgage Protection Life InsuranceIf you’re like most homeowners, your mortgage is probably your most significant monthly expense. If something unfortunate happens to you, it could potentially impose a substantial burden on your family.Mortgage protection life insurance is designed to alleviate this concern by providing coverage to pay off your mortgage.However, it’s essential to be meticulous when [...]

You have probably landed on our website because you are a scuba diver who is contemplating buying a life insurance policy. You have surfaced in the right place!Scuba diving has life insurance underwriters falling into many different camps when determining the rates scuba divers pay for life insurance.Recreational divers have more affordable premiums than riskier [...]

Group Life Insurance or “company life insurance” is a benefit employers offer their workers.With a group life insurance policy, the insurance contract is between the group and the life insurance company, with each employee receiving a certificate of coverage.It is easy to qualify for group insurance because there are no medical questions.Company insurance is often [...]