What is Key Person Life Insurance

Key person life insurance is a type of life insurance usually meant to provide cover for the most important person in a business organization. A key person might be a business owner, partner, or key employees whose death might severely affect the operations of a business. Unlike regular life insurance, key person life insurance policy lists the business as the beneficiary. How does a key...Read More

Preferred or Standard Ratings: Which One is Better

Preferred and standard ratings are used by life insurance companies to determine how much to charge for premiums. But most people who apply for life insurance have no idea what these ratings are. To help you know more about them, we have listed out their pros and cons. Preferred ratings This rating is for people who have exceptional health and little or no health issues....Read More

Participating Life Insurance Vs. Non-Participating Life Insurance

If you are just hearing the term participating life insurance or non-participating life insurance, you are not alone. This guide will help you make informed decisions regarding which one is good for you and your loved ones. Dividends Participating life insurance is an insurance policy that allows you to receive part of the surplus earnings of your life insurance provider. On the other hand, non-participating...Read More

Medical Exam Vs No-Medical-Exam Life Insurance

Your life insurance application could require a medical exam or no-medical exam. It depends on which option you prefer. To help you make an informed decision, we have made a comparison between medical exam and no-medical-exam life insurance. Qualification A medical exam life insurance application typically requires details of your personal and family medical history. The underwriter also wants to know about your background and...Read More

Life Insurance Vs Funeral Insurance Plans

Once you have decided to plan your funeral preparations, you might be confused choosing between life insurance plans and funeral insurance plans. Both of these insurance policies can provide finances for your funeral expenses but that is where their similarity ends. We have made a comparison between life insurance and funeral insurance to help you make an informed decision. Application Life insurance requires you to...Read More

Difference between Cash Value and Cash Surrender Value

When talking about life insurance, you may hear the terms cash value and surrender value. While there is a connection between both terms, they are different. Therefore, it is important that you understand what both terms mean before buying a life insurance policy. So what is the meaning of cash value? Cash value is an amount of money that grows in the savings account of...Read More

CDs Vs Life Insurance

It is common knowledge that CDs and life insurance are great financial planning tools. However, even though they are quite similar, these two saving vehicles have their unique strengths and weaknesses that you should be aware of. In this article, we have made a comparison between CDs and life insurance to help you understand them better. 1.Security of your funds Usually, CDs are issued by...Read More

Annuities Vs Life Insurance

If you are drafting your long-term financial plan, you should definitely consider both annuities and life insurance. And to help you simplify your task, we have done a side-by-side comparison between annuities and life insurance. Death benefit Like annuities, life insurance pays out a death benefit to your loved ones in the event of your death. However, that is the only similarity between them. If...Read More

Life Insurance Vs Life Assurance

If you are among those who think life insurance and life assurance are the same thing, you are certainly wrong. However, you are not alone as this misconception is common in the world of life insurance. Hopefully, by the end of this article you should be able to differentiate between life insurance and life assurance. Coverage Life insurance gives you and your loved ones financial...Read More

Whole Life Insurance Vs Variable Life Insurance

Once you have decided that you want life insurance, the next step should be what type of life insurance you need. Outlined in this article are the comparisons between two whole life insurance and variable life insurance Premium Whole life insurance gives you a guaranteed premium throughout the duration of the policy. Irrespective of market inflation, your whole life insurance premium is not expected to...Read More

Whole Life Insurance Vs Term Life Insurance

If you are familiar with the life insurance market, you must have heard about whole life insurance and term life insurance. And even though these two life insurance policies are the most popular, there are still some basic differences between them. We have outlined the major differences in this article. Coverage Term life insurance has a fixed period of coverage with 10, 20, and 30-years...Read More

Term Life Insurance Vs Permanent Life Insurance

Life insurance is basically divided into term life insurance and permanent life insurance. If you are finding it difficult choosing between these two major life insurance policies, this piece should help you make informed decisions. Coverage This is the main area of difference between these two life insurance policies. Term life insurance only offers coverage for a definite period of time. The most common length...Read More

Single Life Insurance vs. Joint Life Insurance

When married couples wish to buy life insurance, there are two popular options: single life insurance and joint life insurance. A single life insurance policy is a policy that covers only one person. This policy pays the death benefits to your beneficiary if you die within the period stated in your life insurance contract. A joint life insurance policy, however, covers two people. Here the...Read More

Mortgage Life Insurance Vs. Term Life Insurance

If you are still thinking whether to buy either mortgage life insurance or term life insurance, you are not alone in this puzzle. A mortgage life insurance policy is a policy where your insurance provider pays your mortgage debt after your death. A term life insurance, on the other hand, is a policy where your insurance provider pays a death benefit to the beneficiary if you...Read More

Credit Life Insurance vs. Term Life Insurance

Credit life insurance is an insurance policy that pays all the debts you owe when you die. Term life insurance, on the other hand, is an insurance policy that gives the death benefit of your policy to your stated beneficiary if you die within the agreed period. If you are wondering which policy to purchase, this article is for you. Here we will compare the...Read More