If you own a business in some way, investing in a buy-sell agreement is a wise decision to ensure the safety and survival of that business upon your passing. The previous post discussed buy-sell agreements for sole proprietors, or people who are the only owners of their businesses. But what if you are in a [...]
If you own your own business or are in a partnership, then you need to be particularly careful when deciding what life insurance policy to choose. You and your family do not want your well-developed business to be sold to or divided among the wrong hands upon your death, so take the time to do [...]
Out of the seemingly countless types of insurance available, mortgage life insurance is one that is commonly offered to new homeowners but not always the best option for them. What is Mortgage Life Insurance? Mortgage life insurance, also known as mortgage protection insurance, is a type of life insurance offered by your lender when you [...]
Being diagnosed with a medical condition does not make finding the most beneficial life insurance policy for you any easier. In fact, in many cases life insurance companies will charge you higher premiums for any medical issues that may be detrimental to your health; in some cases, life insurance companies may even deny you coverage. [...]
It is often very difficult and time consuming for people to find the type of life insurance best suited for their needs. That alone is a challenge; but when you have one or more particular medical conditions and are faced with the task of finding a life insurance company that will accept you, your chance [...]
Why Term Life Insurance is usually the Best Option Life insurance comes in two forms, term and whole life. A term life policy pays a specific amount during a specific number of years. A whole life policy lasts until the day you die, no matter how young you are when you first purchase the policy. [...]
Every year Fortune, a magazine covering business news worldwide, puts out a list called the Fortune 500 which shares with readers the 500 largest companies in America each year. This past year’s list of 2010 included a number of life insurance companies that have made significant progress from their ranks on the 2009 list. Below [...]
As you know by now, there are multiple types of life insurance policies, mostly categorized under term life insurance or whole life insurance. However, there is a type of life insurance that often costs significantly less to keep than the other policies. It is called accidental death. Accidental Death Accidental death life insurance is a [...]
Carrying a life insurance policy is one of the wisest decisions you can make for the future. But what happens if you pass away and your beneficiary does not make a life insurance claim? It is crucial that your beneficiary knows exactly how to handle the situation; otherwise, all the money you had invested in [...]
What is a Life Settlement? If, for whatever reason, you decide you no longer need your life insurance policy, you may have the option of selling it. Selling your life insurance policy to a third party creates what is known as a life settlement. One characteristic of a life settlement is that when you are [...]
