Think of split-dollar life insurance as a win-win strategy between two parties. Split-dollar, when properly set up, is a mutually beneficial arrangement in which an owner and non-owner split and share a life insurance contract. Here, you will find a definitive guide to the strategy, including how and when it works, the tax implications, merits.. Read More
What Is A Collateral Assignment, And Why Do You Need One?
Life insurance is often the key to securing a loan. Frequently, lenders request a collateral assignment of life insurance as a requirement for loan approval. Why? Your bank, or lending institution, has an interest in guaranteeing the loan they provide will be paid back, regardless of your circumstances. Think of an assignment of life insurance as collateral.. Read More
What Is A Contingent Beneficiary?
Your life insurance policy is almost always not for you. It’s for those you care about most. When you designate your loved ones as either a primary or contingent beneficiary, your life insurance financially safeguards them regardless of what life brings. You will want to thoughtfully list your life insurance beneficiaries – the particulars matter… Read More
Compare Riders From Top No Exam Life Insurance Companies
Think of term life insurance as financial protection which includes two types of benefits: Death Benefit – the amount of money your beneficiaries receive, should you pass away (what we typically think of when we consider life insurance). Riders – additional benefits which provide protective features to be used primarily while you are living (often overlooked). Riders.. Read More
The 4 Different Types Of No Exam Life Insurance Underwriting
Data is the way of the future. And, it’s transforming everything, including no exam life insurance underwriting. In the past, most life insurance applications involved a paramedical exam. In other words, your application would often sign you up for a little poking, prodding, and liquid samples. That’s not the case anymore! Now, you have options.. Read More