Life insurance can provide a lot more than just a death benefit. It can be one of the most flexible, tax-advantaged parts of your financial plan. Not only is your family protected through a death benefit that never expires, butuniversal life insurancealso accumulatescash valuethat can grow i...
Indexed universal life insurance is a type of permanent coverage, which means it can last your entire life and build cash value. Unlike other types of universal life, an IUL policy places the cash value in sub-accounts that mirror a stock index, such as the S&P 500. As an alternative to...
Life insurance is often put into two groups. You’ve got term life insurance, which has no cash value unless you pass. Or you’ve got whole life insurance, which has a cash value, but you’ve got to keep paying those premiums for life. There’s another type of life insurance that...
With whole life insurance, as you pay premiums, your policy builds equity, which is youraccumulated cash value. This money can be used any time, and for any reason — be it to pay for a child’s wedding, to remodel your home, to start a business or to help supplement retirement income...
“The best thing about being a life insurance agent is the ability to help people,” he explains. “Most people get into insurance to make a ton of money in commissions, but a good life insurance agent isn’t only able to provide well for their families, they are...
Life insurance is a crucial component of financial planning, providing protection and peace of mind for individuals and their loved ones. With a range of policies available, each offering different levels of coverage and benefits, it can be difficult to
Who needs life insurance? Perhaps the better question is “why might someone need to insure your life?” In order to take out a life insurance policy, you need to have what’s called aninsurable interest(i.e., proof that you would experience loss or hardship should the insured person die...
Before purchasing life insurance, it's important to decide if you really need it, what type of policy is best, and how much coverage you should get.
How life insurance has changed.Focuses on the changes in life insurance in the United States. High interest rates; Inflation; Planning and purchase concepts; Competition; Prices; Importance of monitoring. INSET: Buying checklist..KattPeterEBSCO_AspConsumers Research Magazine...
Group life insurance is offered by an employer or other large-scale entity, such as an association or labor organization, to its workers or members.