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 [...]
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 [...]
What is Group Insurance? Group life insurance is a type of term life insurance that works just as it sounds—it insures a group of people. The groups of people it covers varies. This type of term insurance is often owned by employers or unions to cover their employees. It may be included in a benefit [...]
Life insurance, as written in a previous post, can take many forms. It is important to know these situations and what to do in order to report a case of insurance fraud. Gathering information on many different aspects of the agreement can help greatly in defending your case against life insurance fraud, helping you further [...]
The third payment option for premium charges under universal life insurance policies is the flexible premium policy. The word “flexible” implies that you and the company will reach a compromise with regard to premium payments. You will not have make one lump sum payment in the beginning, like if you were to agree to the [...]
