Posts Tagged ‘term insurance’

Single Premium Life Insurance Policy

Single premium life insurance is a type of life insurance coverage where the policyholder pays the premium at the beginning of the policy term and no additional premium is required to pay during the policy term. The main feature of the single premium life insurance policy is that the policy acquires its cash value faster […]

Survivorship Life Insurance

Mrs. and Mr. X own a significant estate that they plan to leave behind as a legacy to their children. As part of their estate planning process, their financial advisor recommends they purchase survivorship life insurance. Mrs. and Mr. Y have a son with special needs. They are worried about his financial security after they […]

Life Insurance – An Important Part of Your Business Succession Plan

No matter how certain the future seems, there is always a need for a business succession plan. It\’s all too easy to give planning a miss when things are going well. But what happens when an unforeseen illness, a natural disaster, a premature death, or the sudden retirement of top management turns all your progress […]

Pros And Cons Of Survivorship Life Insurance

If you are wealthy and married, then survivorship life insurance is something you should consider. Survivorship life insurance is also referred to as second-to-die life insurance because the death benefits are paid out only after both spouses die. A survivorship policy can either be a term life policy or a permanent one. Survivorship life insurance […]

Children with special needs may encounter financial difficulties without Life Insurance

Special needs children require a lot of care, not just in their younger years, but also as adults, often at the hands of a dedicated caregiver. The monthly expenses of caring for a child with special needs can easily run into hundreds of dollars. Parents are often too overwhelmed with the daily demands of these […]

Who can be a Life Insurance Beneficiary?

It is fairly obvious that your life insurance policy should name a beneficiary since the sole purpose of a policy is to ensure that your loved ones will be financially supported after your death. Most life insurance policies bequeath their proceedings to their spouse or children, but how this is worded in your life insurance […]