If your car insurance lapses, it means you don’t have active coverage. If an insurance company sees that you had a period of time with no insurance, they might consider you a higher risk. Driving without insurance could also result in fines, tickets and a suspended license, depending on ...
a UL insurance policy generally has flexible premiums—within limits. Policyholders can make payments that are more than the COI. The excess premium is added to the cash value and accumulatesinterest.1Alternatively, if there is enough cash value, policyholders may lower or skip payments without...
Also, if your policy lapses with an outstanding loan, the loan could become taxable.9 Is Indexed Universal Life Insurance (IUL) a Good Investment? An IUL can be a good way to save up money in a cash value account that, connected to a market index, may earn modest returns. However, ...
What do I do if I outlive my term life insurance policy? When aterm life insurancepolicy matures, you have a few choices for what to do next. The life insurance options available will depend on your insurance company, age, health, and family history as well as the term life insurance pol...
Before we delve into the specifics of what general transcriptionists do, you should know that they are often at the start of their career. As such, you might experience a few lapses in the transcripts, especially if it’s an industry that the transcriptionist doesn’t quite understand yet....
Life insurance is designed to provide financial protection for your loved ones in the event of your death. But as you reach retirement age, you may be wondering if your life insurance needs change or if you should continue carrying a policy at all. In this article, we will explore the ...
One of the veteran advisors I worked with put it this way: “For your first five years, you’re eating crap sandwiches every day. And if you want to be successful, you have to make the choice to eat that crap sandwich, and you have to love it.” Yum, right?
Another vital reason for understanding the end of a life insurance term is to avoid unexpected financial burdens. If your policy lapses without your knowledge, you may be left without coverage when you need it most. This can result in financial strain for your loved ones and negative consequence...
However, if you're leasing a brand-new car, you'll need proof of valid insurance before driving it home. Regardless of the situation, it's wise to stay up to date with your insurance payments to avoid lapses. Still curious to learn more about car insurance grace periods? Take a look...
Cash value can build as you pay premiums and the insurance policy’s (or annuity’s) account value is credited interest. If you need to use all of your cash value at once, you must either borrow against it (and repay the loan with interest) or cash out entirely. ...