Types of Life Insurance Policies


Why Decreasing Term Life has Fallen out of Favor

There are dozens of different kinds of life insurance plans that you can choose from to give you family the protection that they need. Each kind of life insurance plans has different advantages and disadvantages that you’ll need to consider based on your specific needs. It’s vital that you get the perfect plan to meet…

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Why Return of Premium Life Insurance is a Bad Investment

Today’s life insurance policies often come with many bells and whistles, offering policy holders some options that might even sound too good to be true. One case, having all of your premiums returned if you survive the term of the policy, may be a prime example – unless you know where to look for the…

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Company Versus Private: Which Insurance Should you Choose?

Eighty-five percent of Americans believe that most people need life insurance, but just 62 percent actually have it. If you’re ready to make a move and purchase your own policy there’s one key question you need to answer: company or private? Which should you choose? Company Life Insurance is Cheap Image via Flickr by Philms…

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Term versus Whole Life Insurance

Having the protection that life insurance can provide is an essential part of any good, solid financial plan. In the event that the insured were to pass away, life insurance can offer a number of important benefits to the loved ones and survivors who are left behind such as paying final expenses, wiping away a…

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When is 15 Year Term Life is Better than 10

When shopping for term life insurance, one of the most important decisions that you will have to make is how long your coverage length should be. This is because at the end of your duration – or “term” – the life insurance policy will expire. If you still need coverage at that time, you can…

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Replacing Whole Insurance Life with Term: When Does It Make Sense?

Life insurance can be purchased for any number of different reasons. Oftentimes, because life takes us through so many changes, the needs that life insurance was originally meant to cover may also have changed. When this is the case, it typically makes sense to re-review your plan and alter the amount of your proceeds, the…

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Choosing The Right Type of Life Insurance Coverage

While it may appear a daunting task to weigh the seemingly endless options available for life insurance, the reality is that in essence there are only two. But to boil it down effectively, we’ve provided this handy step-by-step process on how best to choose the right type of life insurance.

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Protective Life Index Universal Life Insurance Review

When designing any type of financial plan, it is always important to make sure that appropriate protection is in place – for both now and the future. Life insurance can provide a way to do just that – and a way to combine both growth of savings and asset protection is through universal life insurance….

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Buy Term, Invest the Difference, and Create a Future Retirement Income

Life insurance should be considered a part of any financial plan. The proceeds from a life insurance policy can provide numerous benefits – including the payment of the insured’s final expenses, the balance of a mortgage, the funding of a child’s future college education, or ongoing income to a surviving spouse so that he or…

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Variable Life Life Insurance: Why You Should Stay Away

Life insurance is unique in that— unlike other forms of insurance— the policyholder is not the person who is protected. Instead, it is the beneficiary (or beneficiaries) who is protected when the policyholder passes away. Basically, you buy life insurance for your loved ones, not for you. Variable life insurance, which is designed to build…

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