Posts Tagged ‘whole life insurance’

What is Whole Life Insurance? a Layman\’s Explanation

What is whole life insurance? How does it differ from term life insurance or universal life insurance? How do you know whether this type of insurance works best for you? Read this article to learn the answers to your question. Simply defined, whole life insurance is an investment that pays you back when you retire. […]

The Advantages of Whole Life Insurance Policies – It Could Save You Tons of Money

When it comes to getting a life insurance, people usually wonder what the advantages of whole life insurance are. In addition, people continue to ask if buying such policies will be more beneficial as compared to the other available insurances. Before the advantages of the insurance are discussed, we must first interpret what a whole […]

Why Get a Term Life Insurance Policy?

Life insurance is an important part of any family\’s sense of security, and not having it in case of an accident can leave your entire family more devastated than they would have been if you had been covered. Depending on age, financial stability, and health a term life insurance policy may be the choice for […]

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 […]

International Term Life Insurance vs. Cash Value Insurance

Domestic and/or International Term Life vs. Cash Value Insurance Policies There are two forms of life insurance policies available. The first is Domestic/International Term Life insurance, which is the most basic form of insurance. It offers insurance death benefit coverage and that\’s it. With a term policy, your premiums are applied 100% to the cost […]

Designating a Beneficiary for Life Insurance

A beneficiary is the person or entity you name (i.e., designate) to receive the death benefits of a life insurance policy. Some states require that your beneficiary have an insurable interest in your life or be related to you (at least at the time the contract is initiated), while others have no such restriction. If […]