Whole life insurance is a type of permanent life insurance that pays a death benefit when you die. These policies, which include traditional whole life, universal life and variable life, provide life insurance protection for your entire lifespan. They also offer level premiums, meaning your monthl...
Your insurance policy could lapse:When you pay back a policy loan, you must pay interest on the borrowed amount. If you borrow a substantial amount and accrue interest that eclipses your cash balance, your policy could lapse and be closed by your insurer. In that case, your loan balance c...
Worried about mortgages payments after you’re gone? Find a life insurance policy that has your back. Compare quotes Common Mistakes to Avoid When dealing with mortgages and life insurance, several common mistakes can lead to financial difficulties: Over-borrowing on a Mortgage Many borrowers ove...
your twilight years and establishing an abundant, lasting legacy for your family, that is why we introduce a comprehensive and effective life insurance plan – Forever Glorious ULife Plan II(“the Plan”) to help achieve your ‑ financial goals while providing you with whole life ...
Part of the premium pays for the insurance and the related costs. If you discontinue and/or surrender your policy in the early policy years or before the end of the policy term, the amount you get back may be considerably less than the total premium you have paid. ...
DID YOU KNOW? 63% of employees worry about the financial security of their families in the event of their premature death1An Introduction to Life Life insurance is a protective policy that pays out a sum of money to the insured's beneficiaries after they have passed away. Learn More ...
A life insurance dividend is a portion of the insurer’s profit that is sometimes paid to policyholders, depending on the company’s financial performance.
When you take a loan from a non-direct recognition whole life policy, it lets you use your money and still have it growing for you as though you never touched a dime of it! 2. The insurance company should be one of the financially strongest in the country. How do you determine that?
But let’s reframe this thinking: term life insurance isn’t all that different from auto or home insurance. You pay for coverage and peace of mind — not for an investment. You wouldn’t expect your car insurance premiums back if you never have an accident or hope for your homeowner’s...
However, Globe Life’s mortgage protection insurance is a guaranteed option. It’s important to note that this product is an accidental death and dismemberment insurance policy meaning it only pays out as a result of an accident, not natural causes or illness. Children’s life insurance: ...