When you’re investing in a home, whether it’s your first, last, or somewhere in between, what will happen to your home if you pass away? Unfortunately, death is a part of life, and it should be something you think about during the mortgage process. If you are married and buying a home with a partner,.. Read More
What Types of Life Coverage Are Superior? It Depends.
There are several types of life insurance which could potentially be a solution, but it doesn't mean they are the right one. For example, would a young person want a simple term policy or a complex whole life insurance policy? Would a budding business be better off with a 10-year, 20-year, or 30-year term?
And oddly, those are the easy questions. When you start adding more complex situation, there are more complex solutions. Now you can throw these into the mix: variable, indexed and survivorship policies. Erm, what?
If you really want to blur the lines, annual renewable term policies and return of premium contracts will really muddy the water, but they do have very apparent advantages when used properly. This is why choosing the right type of policy is crucial.
Make the right decision, and you'll save time, save money, and save yourself a serious headache down the road.
A common order in many divorce settlements is a decree which states you must provide life insurance for children or an ex-spouse. The reasoning behind this is the life insurance enables you to provide income to these dependents in the scenario you or your ex-spouse die. The problem in this situation is divorce decrees are.. Read More
A buy/sell agreement is a legal arrangement between owners of a business outlining the process if an individual ceases involvement with the business. The so-called triggering event could be the death or disability of an owner. It comes into play if an owner chooses to get out of the business. Other possible events include a.. Read More
Both term and whole life insurance are basic forms of insurance which provide protection in the form of a death benefit for your beneficiaries. The differences between the types means one may be more appropriate for your situation than another. The term life versus whole life insurance debate is not new, and for good reason… Read More
Variable universal life insurance (also VUL, for short) represents a hybrid form which combines the best features of two insurance types into one which offers superior flexibility. This trait extends to almost every aspect of this insurance, within limits, of course. You are in control over your death benefit as well as the investment opportunities which make.. Read More
Universal life insurance is a kind of permanent life insurance. Like whole life insurance, it offers both insurance and savings components. Those features take into the realm of an investment opportunity as well as lifelong security for your family or business both before and after your death. You should research your options carefully as each.. Read More