Articles, guides, and reviews about universal life insurance.
What is the best life insurance? This is a question that many people ask, and it can be challenging to determine the answer. Various types of policies are available, each with its own set of pros and cons. This guide will discuss the different types available and who they are designed for. We will also …
The Best Life Insurance: A Guide for Finding the Right Coverage (2022) Read More »
When you purchase a life insurance policy, one of the main things you want is peace of mind. Knowing that your loved ones will be taken care of financially if something happens to you is a huge relief. But what happens if something does happen and you need to file a claim? How long does …
You may use a universal life or whole life insurance policy to enhance your retirement payout, but several risks are involved. Compare a life insurance retirement plan (LIRP) to a 401(k) and an IRA to discover how they compare. If you have any other cash value life insurance — you can use the cash value …
Life Insurance Retirement Plan (LIRP): A Tax-Free Retirement Read More »
When purchasing a life insurance policy, there are two main things to consider: the owner and the beneficiaries. Choosing someone may impact your income, end-of-life planning, and estate taxes, as well as offer solutions or create difficulties for your family. Life Insurance Policy Ownership Ownership Rights A life insurance policy owner can keep or transfer …
Most individuals who buy life insurance get an individual policy that pays out only if the insured person dies. A couple has another alternative: instead of buying many separate individual policies, they may invest in joint life insurance. What is a joint life insurance policy? It’s a two-person life insurance policy, which pays out when …
Joint Life Insurance: What Is It? How Does It Work? Read More »
Spousal life insurance is a form of life insurance that covers an individual’s partner or spouse. For example, suppose you are the named beneficiary of a spouse’s life insurance policy, and their death results in financial loss to you and your family. In that case, you will likely get the money from their life insurance …
If you’re married, you and your spouse should consider buying spousal life insurance. This type of policy provides financial protection if your spouse dies. Here’s a closer look at spousal life insurance and how it works. What Is Voluntary Spouse Life Insurance? Voluntary spouse life insurance is a financial protection plan that provides a cash …
What does a life insurance agent earn when you acquire a life insurance policy? We’ll answer the frequently asked “How do life insurance agents get compensated” question today. In addition, we’ll go over some ways to make sure your agent is looking out for you and not just their pocket. Hopefully, before you purchase your …
You may be familiar with the advantages of life insurance, such as how securing can assist financially in protecting your loved ones if you died. Did you know, on the other hand, that life insurance can also provide benefits while you’re still alive? This guide will go over the advantages of living benefits life insurance. …
If you’re considering buying life insurance, you may be wondering if you’ll have to go through a drug test. The answer to that question depends on the company that is underwriting your policy. In this guide, we’ll discuss how drug testing for life insurance works and what you can do to make sure you’re prepared …