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 [...]

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 [...]

What Are The Different Types of Life Insurance?

There are several types of life insurance available, all of which offer different benefits and are geared toward different situations. They are Insurance Variable Life, Group Life Insurance, Credit Life and Home Service Life. The first of which, Insurance Variable Life, is determined by the the stock market. The performance of the investments affected the [...]

What Are The Various Types Regarding Whole Life Insurance Policies?

Standard life insurance will normally continue until the policy holder reaches the age of 90 or 100, depending on the policy. There are some other types of plans which are considered to be fully paid when the holder reaches a certain age, such as 65 years old or when payments have been made for a [...]

What is Universal Life Insurance?

As with all insurances, there are different types available to the policy holders. Universal life insurance is one such of these types, in regards, to life insurance. It was introduced only a couple of decades ago and is a type of cash value insurance. It allows the policyholder greater control and flexibility over their coverage [...]

What Are Life Insurance Endowment Policies?

In the modern market, there are many different options to select from within the life insurance realm. You are no longer restricted to just picking up a whole life insurance policy. In fact, one option that many like to go for that is similar to whole life is something known as an endowment policy. An [...]