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 [...]

The first part of this two-part feature was directed more toward people who already have or are planning to get life insurance policies. However, this second part is meant to help beneficiaries who have recently experienced the loss of their loved ones and are unsure of how to go about making a claim on their [...]

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 [...]

Life insurance is a wise investment. Many people do not believe that owning a life insurance policy is the best option for them. If you feel this way, think again. What are some of your reasons for not having a life insurance policy? Do you think it is too expensive? Perhaps you do not have [...]

Of course we all live with the hope of never having to claim a life insurance policy; but the truth is that if you are the beneficiary of someone who holds a life insurance policy, be it whole life or term life insurance or any of the variants, you may be responsible for making the [...]

When you are studying the various life insurance policies to determine which will best benefit you and your family, do not just look at the policy itself. Look at the different life insurance companies, as well. This will help you make a better informed and educated decision on which policy to choose. Benefits of Colonial [...]

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 [...]

Regular term life insurance policies usually have rising premium costs, but decreasing term life insurance has been created for some people so they can better afford an insurance plan that fits their needs. Premiums of Decreasing Term Life Insurance Sounds too good to be true, right? Well, unlike you may first imagine, this type of [...]

Many people are hesitant about applying for term life insurance because of one main issue: they do not get their money’s worth. Term life often expires before the insured person passes away, which leaves that person wondering why he or she invested in that policy to begin with. Many policies are renewable, but if you are not looking to renew your life insurance policy, there is one type of insurance that may suit your needs perfectly. It is most commonly known as return of premium life insurance.