Life insurers have been making money on term life insurance for years. Inside industry statistics peg term life payouts at less than 1 percent annually. That means that less than 1 percent of all term life insurance policies ever pay death benefit claims. It’s not that insurers are scamming people or refusing to pay, it’s […]
Types of Life Insurance Policies
Why Return of Premium Life Insurance is a Bad Investment
Today’s life insurance policies often come with many bells and whistles, offering policyholders 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 hidden […]
$100,000 Term Life Insurance: Options for Coverage
Those that are interested in $100,000 term life insurance have several options to choose from. There are generally 2 categories to consider, policies that require an exam, and no exam policies. While it sounds great to buy a life insurance policy that does not require a physical medical exam, it may not be the right […]
When is 15 Year Term Life is Better than 10
This article is going to look at some of the advantages of a 15-year term life insurance policy and when you should consider purchasing one of these versus some of the other options. When shopping for term life insurance, the biggest choice is how long your coverage length should be. This is because at the […]
The Beginner’s Guide To Guaranteed Universal Life Insurance
By now you are probably aware that there are many different types of life insurance, and they all serve different purposes. For example, there is insurance coverage that lasts a lifetime and coverage that only lasts a specific number of years. For most people, term life insurance does just fine, and it doesn’t empty their […]
What Is Second To Die Life Insurance?
Life insurance comes with many different options, and you may have heard about second to die life insurance. We’ll cover how this type of life insurance works and its primary uses in this article. Also known as “Survivorship Life Insurance” or in some cases, “Dual-Life Insurance”, Second to Die is where your children (or other […]
Why Decreasing Term Life has Fallen out of Favor
There is an almost endless number of different life insurance plans that you can choose from to give your family the protection that they need. Each kind of life insurance plan has different advantages as well as disadvantages that you should consider depending on your specific needs so that you find the perfect plan to […]
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 One of the greatest advantages […]
Term versus Whole Life Insurance
Life insurance is a type of thing nobody wants to pay for but is always glad they did when the need arises. In addition, it’s an integral part of any financial plan, especially when young children or dependents are involved. Anyone that has loved ones who depend on them financially should not leave them without […]
Replacing Whole Insurance Life with Term: When Does It Make Sense?
Life insurance can be purchased for any number of different reasons. Often, 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 […]
