Life Insurance

Life insurance cash value is easier to calculate on some policies than it is on others. If you have a traditional whole life insurance product, the cash value calculation is relatively easy. If...

Life insurance is an important product for making sure that an insured's heirs can pay the bills and have the means to continue their lifestyle. As is the case with any financial product, there...

In uncertain economic times, many people need to cut back on their current expenses and limit new ones. This may mean letting current life insurance policies lapse, not buying new policies, or...

Financial trials have forced many people to look for convertible assets anywhere they can find them. Fortunately--or unfortunately depending upon your perspective--companies have responded by...

Because most people don't know how much they have in as life insurance cash value policy, receive a statement or have easy access to the funds, they often grow undisturbed until a true emergency...

If you apply for a life insurance policy, fill out your application truthfully and give the agent money for the premium, you receive a conditional receipt for the policy. Provided that you are...

It's estimated that more than 25 percent of all life insurance policies in the United States go unclaimed. Unfortunately, many people with life insurance policies neglect to mention that they have...

Rating a life insurance policy goes beyond merely comparing the premium costs and looking at the claim payments. Many will pay out different amounts depending on when you die and how much you have...

Essentially there are two types of life insurance: term and cash value. Cash value life insurance takes on various forms such as whole life, universal life, variable life and variable universal...

Choosing a life insurance policy can be a difficult thing. You want to choose the right one for you and your family, but that can be difficult. Let's shed some light on how to choose life insurance.

Life insurance protects your loved ones from being saddled with unnecessary expenses in the unfortunate event of your death. There are many different options with life insurance policies, so it...

There are basically two types of life insurance: term and permanent. Both types pay out an amount upon the death of the insured. Whole life is a permanent policy and term only lasts a set period...

Life insurance can provide almost immediate cash to meet the family needs when a death occurs in the family. Most life insurance policies can be claimed for several reasons; the causes will be...

Life insurance policies are sold with death benefits ranging from $100,000 to $10 million. A life policy can accumulate cash value for the insured or simply make benefits available to a survivor...

Life insurance is important to have these days. With the high cost of final expenses, not having life insurance can incur a large financial burden on loved ones. A guaranteed renewable life...

As your life changes, so do your life insurance needs. Major events like marriage or the birth of a child typically result in the need for additional life insurance coverage. If you already own...

The first time that you buy life insurance can be an overwhelming experience (see Reference 1). Deciding which company to buy from, and the amount of insurance you need, takes some dedicated...

Old life insurance polices found after a friend or relative has died may still have some value depending on the type of life insurance that was purchased. The most common type of life insurance...

Many of us secure life insurance policies during periods of our lives when death seems very far off. As a result, the beneficiary you place on your life insurance may not be the person whom you...

Since the mid-1980s, there has been a steadily increasing market for the sale and purchase of existing life insurance contracts. Many companies now exist whose sole business is the purchase of...

There's always confusion when it comes to life insurance and some of the products make it even more difficult. Most of the time, you think of whole life as one that has cash value, but return of...

All permanent life insurance policies accrue a certain amount of equity called cash value. This amount will vary depending on the type of policy you have (Whole Life, Universal Life, Variable...

There are certain types of life insurance policies that allow you to grow the balance of money paid in premiums over time. This is called the cash value and may be used to pay premiums, taken out...

Life insurance benefits are paid to beneficiaries upon request after the death of the insured. Life insurance companies understand that this is a difficult time for beneficiaries but requires that...

Life insurance is an essential part of a financial plan. It protects your family in case of accidental or premature death to cover loss of income and expenses, such as mortgage payments, education...

When a person is looking to protect family in the case of their death, they can purchase a life insurance and/or an AD&D policy. Both of these insurance coverages provide a financial benefit...

Universal life insurance is a permanent form of life insurance. This type of policy may suit policy owners looking for flexibility while providing a financial benefit for their loved ones in the...

If you find yourself strapped for cash, look for a lifesaver in your life insurance policy. You may continue to pay whole life premiums, thinking only about the death benefit or perhaps the...

There may come a time when you realize that your life insurance coverage is no longer necessary, or that your family could benefit more from a large lump sum of cash now rather than after your...

If you decide the amount of your term life insurance coverage is more than your family needs, or if you determine that decreasing the size of your policy will yield a monthly premium you can more...

When considering a life insurance policy, it is important to understand the different types of life insurance policies that are available. Each policy has advantages and disadvantages and should...

Life insurance policies provide assurance to loved ones that they will be taken care of in the event of your untimely death by providing beneficiaries with a cash sum to pay for funeral...

Accidental death and dismemberment (AD&D) and life insurance are two coverage options you can purchase to provide a financial benefit for your loved ones in the event of your death. These two...

Every whole life insurance policy has a cash value, a face value and a surrender value. The face value is the amount that will be paid when you die. The cash value is like equity in your home: A...

Cash-value life and term life insurance policies provide millions of Americans with financial security for their loved ones. Policy owners who pick either type of insurance may have different...

Universal life insurance and whole life insurance are considered permanent insurance options. These policies can last the lifetime of the insured, providing their family financial security in the...

Income from a life insurance policy is sometimes subject to taxation. How much of the income is taxed depends on which policy benefit is used to receive the funds.

Universal life insurance is a type of whole life insurance. It is also referred to as ordinary or straight life insurance. Universal life is an unbundled type of insurance, which means that...

There are two types of life insurance coverage: cash-value and term life. They both provide a financial benefit upon the death of the insured. However, these two policies are purchased based on...

There are two main types of permanent life insurance: universal life and whole life. Although both provide a financial benefit in the event of the insured's death, one uses a straightforward...

Life insurance is a good investment that gives peace of mind to the insured in knowing that their final expenses will be covered. It also allows the insured to provide some extra money to loved...

Choosing life insurance is tough . There are so many different policies and options, and decisions to be made. There are several ways understand your options more clearly, and to handle this task...

One reason that people purchase life insurance is to offset the cost of estate tax. The problem that many face if they don't receive good advice is the face value of the life insurance becomes...

Deciding on a life insurance policy can be a daunting task. By following this easy step by step guide below you can make the decision more comfortably and more informed.

Decreasing term insurance is pure life insurance for which the death benefit decreases over the life of the policy. Also called mortgage protection insurance, it is often sold by mortgage...

The investment value of permanent life insurance is one of the reasons a customer chooses a whole life or universal life policy over term insurance. Universal life insurance builds cash value over...

Whole life insurance, also known as permanent, ordinary or straight life, provides insurance protection for the entire life of the insured. Modified whole life insurance is whole life with a...

It happens all the time: A relative passes away and nobody seems to know whether he had life insurance. If you've already grilled family members, read the will and checked the safe-deposit boxes,...

Life insurance riders are optional provisions added on to a main life insurance policy. One common type of rider is the waiver of premium, which can be added to many life insurance companies.

Life insurance is one way people ensure that their burial costs are covered, rather than worrying about burdening their family and friends with having to pay for funeral and cemetery arrangements....