Articles, guides, and reviews about universal life insurance.
Choosing the best life insurance plan is an important decision that you will make in your lifetime. Whether it’s for yourself or someone else, you will want to know what type of coverage and benefits are available so you can find a plan that fits your needs. In this guide, we will discuss the different …
Best Life Insurance: A Guide for Finding the Right Coverage Read More »
How long does it take to cash out a life insurance policy? The average life insurance payout can take as little as two weeks, up to two months, to receive the death benefit. However, the timeline depends on several factors. If you have an active life insurance policy, the company will pay your beneficiaries when …
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 have an impact on 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 …
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 very likely get the money from their life …
What Is Voluntary Spouse Life Insurance? Voluntary spouse life insurance is a financial protection plan that provides a cash benefit to a spousal beneficiary upon the insured’s death. The employee pays monthly for this plan, and in exchange for this, there will be money given to their spouse if they die. If the employer offers …
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. …
For the life insurance medical exam, they may ask you to take a drug test. This is like other drug tests you have taken for an employer. They usually do this by taking urine or blood test. The medical examination determines the insurance rates for life insurance. In addition, companies typically order a comprehensive drug …