A cash value life insurance is a form of a lifelong policy that entails an investment element. Cash value refers to the fraction of your policy earning interest, which you can take a loan against, and is available for withdrawal. The said amount is tax-free and earns interest and other investment benefits. A cash value …
Life insurance policy is a good security investment. However, the primary challenge is the regular payment of premiums. Payment of premiums can be monthly, quarterly, semi-annually, annually, depending on the insurance company. With the uncertainty in life, payment of premiums can be hard or a hindrance to achieving your personal goals. Limited pay life insurance, …
We all know that everything that has a beginning has an ending. Life is no exception. We often wonder what it would be like for our families when we depart. Well, a life insurance policy guarantees them a better financial adjustment when we are long gone. This is preparation for the inevitable. A life insurance …
Life insurance policies come in handy as security for financial obligations and debt payments in the event of death. They are meant to relieve beneficiaries of otherwise burdensome and daunting expenses. Most insurance carriers guarantee holders of a death benefit upon contract maturity thus providing a financial cushion in time of need. Premium rates are …
An insurance is an arrangement or agreement that provides a guarantee of compensation in-case of a specified loss. The loss can be an illness, death or a damage. Life insurance is a form of agreement that someone makes with the insurance company, in which the person is supposed to make payments to the insurance company, …
A life plan is one of the smartest financial decisions you could make. It provides cover for you and nominees in case of accidents or unfortunate demise. Life policies are recognized as legally binding contracts which in turn suggest the need to carefully scheme through any tiny detail before signing away. Strategically placed, and in …
Life insurance policies are basically the contracts between insured persons and insurance companies. The insurance company receives premium from the insured in exchange of a lump sum which is paid to beneficiaries when the insured dies or to the insured in case of a term insurance upon maturity while the insured is alive. The different …
When you are a life insurance policy holder, it means there is a contract between you and a life insurance company. The agreement terms name the policy holder as the insured and names the insuring company as the insurer. The agreement then, is that the insured will be paying a certain amount of money on …
Universal life insurance is a flexible, permanent life insurance that is most common in the United States of America. It offers cheaper protection as well as savings that are invested in order to provide a valuable build up of cash. The flexibility of this insurance coverage comes to benefit the policyholder by offering the option …
Term life insurance is among the cheapest insurance coverage since it only provides protection for a short period of time or a specific number of years. This coverage is convenient and helps you to cover particular responsibilities such as the mortgage or even the college expenses. This is important in that your family members will …