If you have others depending on you financially, you'll want a term life insurance policy lasting as long as those obligations. Learn more now.
A term life insurance policy is a contract that lasts for a set period of time (usually between 10-30 years) where the insurance company pays your beneficiaries a lump sum if you die while the policy is active.
What are the life insurance basics? If you’re considering getting your first life insurance policy, you should be familiar with some of the terms that will get thrown around in front of you. Some of these include: Premium – What you pay each month to maintain your policy. Beneficiary –...
Term Life Insurance How does term life insurance work?Term life insuranceprovides coverage for a certain number of years, typically between 10 and 30. With term life insurance, you decide how long you anticipate needing the coverage — for example, until the mortgage is paid off, until the ki...
Whole life insurance Whole life insurance is a popular type of permanent life insurance, meaning your coverage will be active your entire life as long as you continue to pay the premiums. It comes with a separate cash value — a tax-deferred savings component — in addition to the standard ...
Conversion options: Some term policies can be converted to permanent coverage down the road, which could be a difference maker if your needs change. Permanent life insurance Permanent life insurance lasts your whole life (up to a coverage age range of 95 to 121) as long as you keep your po...
While long-term care insurance premiums are an additional expense to factor into your budget,they can be worth itfor many seniors. After all, a policy can offer peace of mind and financial security in the face of uncertain future healthcare costs. But just how much should you expect to pay...
People diagnosed with lupus may think qualifying for life insurance will be difficult, but if you're managing symptoms effectively, you can still qualify for affordable term life insurance with lupus as low as $15/month. How to get term life insurance with lupus starts by comparison shopping ...
In turn, long-term care insurance can be a smart bet for most seniors, despite the extra costs for a policy. But if you're considering investing in long-term care insurance, here's what you need to know about coverage options — and how much you should get to protect yourself. ...
You’ll receive a guaranteed death benefit that will be paid to your beneficiaries should you die during the policy’s term. This death benefit is typically paid in a single, tax-free lump sum amount. There are important distinctions to be made betweenterm life insurance vs. whole life insur...