The main advantage of life insurance is financial protection for your loved ones if you pass away. The biggest disadvantage of life insurance is the cost.
Whole life insurance hasliving benefits, such as the accumulation of cash value which you can access when and how you wish, while term insurance only pays out if the insured dies during the term of the policyThe growth of whole life cash value, while guaranteed and predictable, may be less...
Once a person understands the need for life insurance, the next step is to wade through the different types of policies, then decide whether term or permanent insurance is the best fit. "Term life insurance should be used to cover risks over a certain period of time," says Jeff Root, f...
The facts of life insurance. (understanding the pros and cons of various policy types)Brown, Carolyn M
To begin, a life insurance policy or plan for a family provides for the financial needs of surviving family members when one family member passes away. Like all life insurance policies, it is a contract with a life insurance company that states they will pay out an agreed upon death benefit...
Universal life insurance offers lifelong coverage and flexible premiums. Find out how this permanent policy works now.
Group life insurance is a “work perk,” but it has its limitations. Learn about the pros, cons and costs now.
Call Steven L. Smith, 919-387-1399, North Carolina, to help with your life, Medicare advantage plan or supplement, disability insurance and annuity needs.
Whole life is a type of permanent insurance that can last for your entire lifetime. Whole life costs more than term life insurance, which expires after a certain number of years. A whole life policy also has a savings component that can build cash value over the years. ...
Adjustable life insurance allows policyholders the option to change key features like premiums and the death benefit.