If you need extra cash or if you have a life insurance policy you no longer need, there are alternatives to surrendering it for the cash value. One method that’s gaining popularity is to sell the policy outright. While this can earn you more money than you would otherwise receive, it’s important to understand how this process works. Once you… Read more →
Getting approved for life insurance isn’t a guarantee, especially with more substantial amounts of coverage. Even life insurance policies that do not require a medical exam can be denied. The following are the most common disqualifications from life insurance although not all of these factors guarantee a denial from every company. Income Limitations Insurance companies may deny policies to applicants… Read more →
Life insurance is a type of insurance that pays out benefits after the insured person dies. It may also be paid out after a certain amount of time. Many people are told that they need life insurance. However, before you get life insurance, there are essential things that you should know about it. You Need Life Insurance if You… Read more →
Traditionally called “life insurance loans,” a policy loan is issued by an insurance company that uses the cash value of a person’s life insurance as collateral. How does it work? As you pay your premiums, you build cash value in the policy. This is more typical for permanent life insurance, such as whole life or universal life. During the early… Read more →
Parents often wonder about the best ways to save towards their child’s future. There are several options: savings accounts, mutual funds, bonds, and life insurance. While life insurance can be used in the event of a child’s death, it can also be used as a building block towards college tuition and other expenses once a child reaches adulthood. Different… Read more →
Permanent life insurance provides protection throughout a person’s lifetime, provided that premiums are paid. It also builds cash value, which can be borrowed against or used to make premium payments. Term life, on the other hand, provides protection for a certain number of years and builds no cash value. Insurance experts recommend most people carry permanent life insurance and add… Read more →
Purchasing life insurance can be one of the best things you do for your family. In the event of your death, it can offer financial support, and therefore, peace of mind. Because of this, it is incredibly important to plan for your future. With that being said, here are a few tips so that you may avoid some common mistakes… Read more →
If you are an adult, you are probably familiar with the complexities of the insurance industry. There are several different kinds of insurance available to us. Whether you need your car, house or phone insured, chances are there’s a policy out there for you. While I specifically deal with life insurance policies, I am not opposed to speaking about other… Read more →
Life insurance is one of the most important investments of your life. If you can afford a policy, make sure to get one. It can save your family a great deal of grief in the future. But today, I’m not here to discuss life insurance; I’m here to discuss the strange things that are covered by all different kinds of… Read more →
As the popularity of gene testing continues to grow, consumers should be aware of a potential consequence: Australian insurance companies may use the results to discriminate when it comes to coverage options. The Consumer Action Law Centre has warned consumers that some insurers may determine it’s too expensive to insure someone with a pre-existing condition — even if it has… Read more →