life insurance
Whole Life Insurance as a Supplemental Retirement Plan
IRA’s, 401(k) plans, profit sharing plans, and pensions all offer attractive benefits. However, there are limitations to the amount of contribution that can be made to these plans in any given year. [sc_content_link label=”Get today’s insurance rates.” cat=”life”] Most Retirement Plans Offer Tax-Deductible Contributions Of course, the trade-off here is that the distributions from these […]
Read moreWhat Is an Irrevocable Beneficiary on a Term Life Insurance Policy?
Understanding the language in your term life insurance policy is critical to making sure that the policy functions as expected and covers you properly, so it’s worth taking the time to understand some important insurance vocabulary. For example, many policies offer the ability to name an irrevocable beneficiary, and many policyholders are fairly clueless as […]
Read moreUniversal Life Insurance Policy Advantages and Disadvantages
A life insurance policy is meant as a way to ensure that a specific amount of money is paid out to beneficiaries upon the death of the policyholder. This money often comes at a time when families and spouses need it the most and have no capacity to deal with any added stress or additional […]
Read moreIs Term Insurance an Appropriate Substitute for Whole Life Insurance?
In today’s insurance marketplace, level term insurance is everywhere and has been turned into a commodity. In addition, competition has driven the cost down to where healthy individuals can buy large amounts of term insurance for relatively small premiums, certainly much lower than whole life insurance premiums. [sc_content_link label=”Get today’s insurance rates.” cat=”life”] Term Insurance […]
Read moreDo Long Term Care Policies Cover Assisted Living?
As you age, you will likely incur many charges you didn’t have before, including the costs of assisted living. Because your medical insurance, including Medicare, won’t cover assisted living or other types of long-term care, you may want to consider long-term care policies that help you pay for these costs. [sc_content_link label=”Get today’s insurance rates.” […]
Read moreWhy you Shouldn’t Get Your Life Insurance Through Work
Does your job provide life insurance as one of your benefits? Chances are it’s not free of cost. You likely have to pay for it. If you do have to pay for it, there are several reasons why you shouldn’t get your life insurance through your employer. Now if your employer pays for your insurance, […]
Read moreHow Does Return of Premium Life Insurance Work?
Normally, you can’t return your insurance policy. If you can’t use it, you lose the premiums, end of story. In the case of life insurance, it’s a good thing that you didn’t have to use it – that means you are still here! One type of insurance sets itself apart though. It’s called return of […]
Read moreWhat Types of Life Insurance Have a Cash Value?
Life insurance protects your loved ones in the event of your death. It’s an important policy whether you are the breadwinner or a homemaker. It helps your loved ones stay financially stable in the wake of your passing. But wouldn’t it be nice if your policy had a cash value? [sc_content_link label=”Get today’s insurance rates.” […]
Read moreDividend-Paying Whole Life Insurance: Pros and Cons
Are you investing in whole life insurance? Unlike term insurance, whole life promises you insurance over your entire lifetime, as long as you pay the premiums. In other words, your beneficiaries receive benefits any time you die – you don’t have to die within a specific term. As an added bonus, you may receive dividends. […]
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