The list of reasons people purchase life insurance is a long one. While some individuals secure millions of dollars of coverage to replace their income or pay off major debts, others seek just enough coverage to protect their loved ones from funeral expenses. With the cost of traditional funerals on the rise, many families turn.. 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.
Diabetic and looking for final expense insurance? It can be a confusing topic, so lets set the record straight. In this article, we are going to explore how final expense companies respond to diabetes, what options you’ll have, and how to find the best policy for you. The Best Final Expense Options For Diabetics Make.. Read More
You maxed out your 401(k). You earn too much income to qualify for a Roth, or maybe your Roth is maxed out also. You are seeking decent gains, no stock market risk and tax-free money for retirement. What do you do? Take a look at permanent life insurance for an excellent (albeit lesser talked about).. Read More
Group life insurance is now the most common form of life insurance coverage in America. 108 million Americans have group life insurance. 102 million have life insurance through an individual policy. – LIMRA Study For the millions of Americans who have signed up for a group life insurance policy, it’s often a perk of their.. Read More
Buying cheap life insurance is no different than shopping for groceries or even a house in that – we want a good product for the lowest price. Fortunately, when it comes to affordable life insurance, you can have your cake and eat it, too. We will cover everything you need to know about finding a.. Read More
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