Types of Life Insurance

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What is key man life insurance?

Do you need key person insurance? A company or small business will buy key person life insurance if the business would suffer financially after an essential employee’s death. Employees considered key to a company are usually business owners or C-suite executives with intimate knowledge of corporate plans and processes. This type of life insurance is...

Do you need key person insurance? A company or small busines...

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Variable Life Insurance: Understanding the Pros and Cons

What is a variable life insurance policy? Some describe it as a type of permanent life insurance, but the best variable life insurance definition is that it’s one of the riskiest types of life insurance you can buy. Like all whole life policies, variable life insurance (VLI) builds cash value that often meets or exceeds...

What is a variable life insurance policy? Some describe it a...

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Are life insurance premiums tax-deductible?

Life insurance is a valuable investment for anyone with dependents relying on them financially. Whether you buy a temporary life insurance policy or a long-term permanent life insurance plan, life insurance offers a way for you to protect your loved ones after you’ve passed. Since most life insurance policies are a lengthy investment, understanding the...

Life insurance is a valuable investment for anyone with depe...

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How much life insurance do I really need?

As the breadwinner, your income is necessary, meaning your loved ones could struggle to cover monthly expenses without your help. Life insurance ensures your family’s financial stability after you pass, so it is important to get the appropriate amount of coverage. Read more: How does life insurance work? A good starting point would be calculating...

As the breadwinner, your income is necessary, meaning your l...

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Life Insurance vs. Accidental Death & Dismemberment (AD&D) Insurance: Which Is Better for You

There are multiple options to financially protect yourself and your loved ones in the event of death. Two options are life insurance and accidental death and dismemberment (AD&D) insurance.  While both provide financial coverage in the event of death, there are key differences in the types of coverage they offer. It’s important to understand these...

There are multiple options to financially protect yourself a...

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Life Insurance Riders (Terms Explained)

What are riders in insurance? Typically offered for life, home, car, and rental insurance policies, riders are add-on benefit options or restrictions to a basic insurance policy.  Customers can add a range of life insurance riders to different types of term life insurance or permanent policies, from riders that protect estates to spouse insurance riders....

What are riders in insurance? Typically offered for life, ho...

10 Best Term Life Insurance Companies in 2024 (Top 10 Companies Ranked)Post

10 Best Term Life Insurance Companies in 2024 (Top 10 Companies Ranked)

The best term life insurance companies includes Nationwide, Allstate, and AAA offering rates with up to 25% discounts, known for affordability and comprehensive coverage. Nationwide stands out as the top pick, offering competitive premiums, excellent customer service, and additional features like riders for enhanced coverage. Term life insurance is popular for its affordability, covering major...

The best term life insurance companies includes Nationwide, ...

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Indexed Universal Life (IUL) Insurance

Choosing life insurance can be overwhelming due to various options, including indexed universal life insurance. Life insurance provides financial protection by paying a death benefit to your beneficiary upon your passing. Death benefits can be a safe financial cushion because they’re not taxed, and the payout can be set up to be over a period...

Choosing life insurance can be overwhelming due to various o...

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Types of Life Insurance

Life insurance offers vital protection for your loved ones after your death, but finding the best policy for your needs can be confusing. With all the different types of life insurance, how do you know where to start looking? Picking the right life insurance to keep your loved ones from financial hardship doesn’t have to...

Life insurance offers vital protection for your loved ones a...

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Term Life Insurance vs. Whole Life Insurance: Which Is Better for You

There are many options regarding life insurance. Your lifestyle, financial concerns, and income determine what kind of life insurance to buy and how much you need. Term and whole life are the two most common different types of life insurance. Term insurance is typically cheaper because it’s only valid for a specific timeframe, usually 30...

There are many options regarding life insurance. Your lifest...

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Life Insurance Savings Account: What You Need To Know [2024]

If you’re looking for an additional way to save some money, a life insurance savings account may be able to provide you with a financial opportunity. Also known as cash value, a life insurance savings account is included in most permanent life insurance policies. A life insurance savings account can be beneficial during stressful times,...

If you’re looking for an additional way to save some m...

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Flexible Premium Adjustable Life Insurance

Flexible premium life insurance is also known as adjustable life insurance. It’s one of the few life insurance policies that are in between term and permanent life insurance. Learn more about flexible premium life insurance by going through our comprehensive guide on various details about flexible premium life insurance and other variations of the policy...

Flexible premium life insurance is also known as adjustable ...

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Equity-Indexed Universal Life (EIUL) Insurance

Equity indexed universal life insurance is a permanent life insurance policy that has stock market investment perks. It’s one of the more complex life insurance policies where a financial advisor is recommended. Continue reading this guide to learn general information about the equity-indexed universal guide and how much it costs per month. Equity-Indexed Universal Life...

Equity indexed universal life insurance is a permanent life ...

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Extended-Term Life Insurance

Extended term life insurance is a type of life insurance that allows you to keep the value of a whole life insurance policy and turn it into a term life policy. However, there are special conditions that will permit you to change your whole life policy without cancelling. This short guide explains everything you need...

Extended term life insurance is a type of life insurance tha...

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Which of the following is an example of a limited-pay life policy?

Limited-pay life policy is one of the most preferred insurance options in the current age, as people tend to choose policies that will offer significant financial growth. As the name suggests, the limited-pay life policy requires the policyholder to pay the dues for a limited number of years rather than keep paying for an extended...

Limited-pay life policy is one of the most preferred insuran...

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Burial Insurance

Burial insurance is one of the common life insurance terms you may have heard thrown around before. Life insurance payouts are often used to pay for funeral expenses, but not everyone can afford to pay for a major life insurance policy long-term.  Burial insurance is a type of insurance for final expenses that pays out...

Burial insurance is one of the common life insurance terms y...

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Which type of life insurance policy generates immediate cash value?

If you’re in a rush to find a permanent life insurance policy, you might be wondering which type of life insurance policy generates immediate cash value. Life insurance waiting periods can cause issues if you suddenly pass before your cash value or death benefit is available. Waiting for a product you’ve already purchased can be...

If you’re in a rush to find a permanent life insurance...

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Will life insurance cover LifeFlight?

Many people are aware of air ambulances, which play a crucial role in saving hundreds of thousands of lives annually. Also referred to as LifeFlight, these air ambulances provide faster transport for individuals requiring urgent medical attention compared to traditional ambulances. For more information, visit www.airmedcarenetwork.com or consult the Medical Air Services Association. If you’re...

Many people are aware of air ambulances, which play a crucia...

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Limited Pay Life Insurance

There are many different options in regard to life insurance policies. No matter your budget, there is likely a life insurance policy that could work for you and benefit your loved ones. One type of permanent life insurance policy that isn’t as common as others is a limited pay life insurance policy. With a limited...

There are many different options in regard to life insurance...

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