Spouse voluntary life insurance is a type of life insurance policy that allows you to extend coverage to your spouse or partner. It is an add-on to your own life insurance policy, providing an extra layer of protection for your loved one. This insurance can help alleviate the financial burde...
Did you know your smartphone can save your life? It can also save your spouse’s life, your kid’s lives and the lives of everyone you love! The secret is letting your phone do the talking for you in an emergency. How? With ICE, your in case of emergency contact. In “The ICE My...
Supplemental life insurance– also referred to as voluntary life insurance – is a type of policy that offers additional coverage on top of an existing one. It includes life insurance coverage for your child or spouse, additional coverage for your basic policy, burial insurance, and coverage for...
Voluntary term life insurance is a financial product that provides coverage for a specified period. Understand its benefits and consider it as part of your financial planning.
Understanding Life Insurance Coverage Rates Understanding the pricing of various life insurance policies is key, as rates vary by coverage type, age, health, and coverage amount. Here’s a look at the rates from some of the 10 top life insurance companies. ...
This coverage offers flexibility that other permanent policies — like whole life insurance— don’t. For example, you can adjust the amount you pay in premiums, which may appeal to those with fluctuating incomes. » MORE: Cash value life insurance: Is it right for you? How does a ...
Your life insurance death benefit and payments remain the same throughout your policy’s life. The value of your policy isn’t affected by poor market performance. GUL insurance is an excellent option for people who want permanent coverage but don’t want to spend time managing a policy. The...
Universal life insurance policies provide flexibility - and a cash value portion.Getty Images If you have a spouse, children or other loved ones who depend on your income,life insurancecan be smart protection to have. With these policies, your beneficiaries receive a lump sum payment if you die...
then perhaps add money for education. Include any outstanding mortgage and retirement needs for your spouse in your life insurance calculation—especially if the spouse earns significantly less or is a stay-at-home parent. Total what these costs would be over the next 16 or so years, add a ...
Term life insurance is attractive to young people with children. Parents can obtain substantial coverage for a low cost, and if the insured dies while the policy is in effect, the family can rely on the death benefit to replace lost income. These policies are also well-suited for pe...