Archive for the ‘Types of Life Insurance’ Category.

10 Financial Reasons Why Whole Life Insurance Isn’t Better

There are two basic types of life insurance, term life and permanent life. The titles make good sense, in that  the term life insurance policies are for set time limits such as 10, 15 or 20 years. These policies are generally much less expensive than permanent policies, but they do not accrue interest, build savings [...]

How Does The Type Of Policy Affect My Life Insurance?

As there are a great number of types of policies, each policy will affect your life insurance differently. The policy can affect many aspects of the insurance, including whether it has cash or loan value and how long the length of tie is that you must pay premiums on, among other things. Different types of [...]

When Purchasing Life Insurance, Which Policy Is Better To Buy: A Whole Life Policy With A Cash Value Or A Term Life Insurance Policy?

With a Whole Life insurance policy that carries a cash value, the policyholder is paying for the insurance policy and contributing towards a savings plan. This makes the monthly premium higher for the same insurance coverage than that of a term life insurance policy. With this type of policy, they are combining the life insurance [...]

What Are Accelerated Life Insurance Benefits?

The life insurance industry is always evolving. They must in order to maintain their bottom line in this ultra competitive industry. One of the newer developments within the industry is something known as accelerated benefits. They have been created to help those who might need their benefits now, and of course, to increase the profits [...]

What Are the Common Types of Life Insurance Policies?

There are several variations of term life insurance policies. They are the following: Level or declining

Is Term Life Insurance Right for Me?

When looking for life insurance, be aware that there are a few different types of insurance that will pay different benefits. Term life insurance is good only for a certain period of time. The time is set when you purchase the policy. If you cannot afford to spend a lot of money on a policy, [...]

Why You Should Have Cash Value Life Insurance?

Cash value life insurance will pay for your final expenses, and also pay an allotted amount to a beneficiary, in the event of your death. This insurance also offers benefits in instances other than just death. Cash value life insurance is also used to help plan for long term savings, like retirement, depending on how [...]

What’s The Difference Between Cash Value and Term Life Insurance?

There are a couple of distinct differences between term life insurance and cash value insurance. Term life insurance only offers a death benefit. This means that if the insured party should pass away during the time the insurance is held, the insurance would be paid. If the policy holder does not die within the term [...]

Should I Be Looking at a “Term” or “Full Life” Life Insurance Policy?

It really is going to depend on your financial goals and needs for the future. A “term” life insurance policy is a great way to ensure that you have short term coverage for larger liabilities that are most likely to lie in the near future. A “term” policy is going to be much less expensive [...]

What Is The Definition Of Whole Life Insurance?

Whole life insurance is a type of policy that covers you for your entire life. Most policies stay in effect until age 90 or 100. Whole life insurance builds up cash value over time and can be used as collateral. Term life insurance is different than whole life because it is only good for a [...]