The Truths About Joint First-to-Die Life Insurance

First-to-die life insurance is a type of joint life insurance which allows you and your significant partner to pay the life insurance premium. Unlike the survivorship life insurance, first-to-die life insurance enables you to get the death benefits if your spouse dies first. And here are the truths about First-to-die life insurance. First-to-die life insurance is only attractive for couples who want to use the...Read More

Pros and Cons of Survivorship Life Insurance

One of the options available to couples in the life insurance market is survivorship life insurance. If you and your spouse are thinking of purchasing this plan, we have listed some of its pros and cons to help you make an informed choice. Pros of survivorship life insurance It is inexpensive Survivorship life insurance are a great way to save money because of how cheap...Read More

What is Credit Life Insurance

Credit life insurance is a life insurance policy that pays back all the money you owe after you die. The value of this insurance policy is the amount you owe. Hence, as you pay off your loans, the value of the policy reduces. When you are done paying your loans, the value of the policy is Zero. If you are wondering if this life insurance...Read More

What is Unbundled Life Insurance

Unbundled life insurance is a permanent life insurance policy where you also have a savings and investment component. You can use the savings and investments accounts while you are alive. After your death, your beneficiary receives a death benefit. This life insurance policy is also known as universal life insurance. To help you decide if this life insurance policy will suit your needs, below are...Read More

What is Return of Premium Life Insurance

Return of premium life insurance is a type of life insurance that gives you back your premiums at the end of your policy, if you are still alive. However, if you die within the period of your life insurance coverage, your dependents will only collect your death benefit. Return of premium life insurance popular terms of coverage are 20 and 30-years, and below are the...Read More

What is Annual Renewable Life Insurance

Annual renewable life insurance refers to an insurance policy with a one year contract that you renew every year. Your insurance company guarantees you insurability for some years, and your premium is reevaluated every year. Hence, your premium rises every year as you get older. Annual renewable life insurance is a great option if you need life insurance for a short time. It is also...Read More

What is Variable Death Benefit

A variable death benefit is an amount paid to your beneficiary after your death. The amount of this death benefit does not remain the same. Rather, it varies depending on how the investments made with some of the premium you pay performs. The profit of this investment increases your life insurance cash value. The increased cash value is then paid out alongside the minimum agreed death benefit...Read More

What is Mortgage Life Insurance

Mortgage life insurance is an insurance policy that allows you to repay your mortgage debts when you are no more. This type of insurance policy is designed to help you protect your house from foreclosure when you are gone. Unlike traditional life insurance, mortgage life insurance repays your death benefit only when the insured dies and the mortgage debt is still in existence. Types of...Read More

What is Joint Life Insurance

Joint life insurance is a type of a life insurance policy designed for more than one person. Policyholders of joint life insurance policy are mostly couples who depend on each other’s income to meet the family needs. It is also for individuals who want lifetime coverage. Even though this type of life insurance can be in the form of term life insurance, most joint life...Read More

What is Group Life Insurance

Group life insurance is an insurance coverage commonly offered by an employer or union. This form of life insurance costs little or nothing to the employees to sign up. Group life insurance ensures that the dependents of an employee are well taken care of in the event that something happens to him or her. Advantages of a group life insurance It is easy and convenient...Read More

What is an Endowment Life Insurance Policy

An endowment life policy is an insurance contract that comes with both a term life insurance policy and a saving component. Unlike permanent life insurance policies, endowment life insurance policies allow the insured to receive a lump sum amount after the maturity date or when the insured dies, whichever comes first. So even if you die before your money matures, your child or beneficiary will...Read More

Variable Universal Life Insurance Vs Equity Indexed Insurance

It can be overwhelming to choose between variable universal life insurance and equity indexed life insurance. We hope the comparisons between these life insurance in this article will help you make a befitting choice. Premium Like variable universal life insurance, equity indexed life insurance gives you the option of modifying the payment of your premiums. So when you get either variable universal life insurance or...Read More

Pros and Cons of Variable Life Insurance Policy

Before you decide whether variable life insurance is a wise investment decision, we urge you to consider the pros and cons. This way, you are guaranteed of making informed financial decisions. Pros You have more control over how you want to invest your cash value. You can decide to invest your cash value on bonds, shares, or mutual funds/ You can use your interest on...Read More

Pros and Cons of Mortgage Life Insurance

You are not alone if you are ambivalent whether to buy mortgage life insurance or not. To guide your decisions whether mortgage life insurance is worth having, we’ve come with the pros and cons of mortgage life insurance. Read on to learn more. Pros Less stressful underwriting: The underwriting process or mortgage life insurance is a breeze. To qualify for this policy, you don’t even...Read More

Pros and Cons of Joint Life Insurance

It is a fact that all happily married couples want the best for their children. If you are a married person contemplating whether you should either get a single life insurance policy or a joint life insurance policy for your beneficiaries, we strongly advise you to consider the following pros and cons of joint life insurance. That way, you can secure your family future and...Read More

Pros and Cons of Endowment Life Insurance Policies

An endowment life insurance policy is an insurance policy with two components: term life insurance and saving component. This policy has several pros and cons which we believe you should consider before buying it Pros of endowment life insurance policy Guarantee returns: You are 100% guaranteed that you or your beneficiary will get the face value of your money after the maturity date or when...Read More

Pros and Cons of Convertible Term Life Insurance

Convertible term life insurance is a type of term life insurance policy that allows you to convert from term life insurance to permanent insurance before the expiration of your coverage. If you are looking to make the switch to this life insurance policy, it is crucial you know its pros and cons. Pros of convertible term life insurance Its entry fee is low: One significant...Read More

Pros and Cons of Adjustable Life Insurance

Now that you know what adjustable life insurance is, let’s tell you about the pros and cons. We believe this information will help you to decide whether or not this insurance policy is the right one for you and your beneficiary. You can also decide where and how you want to invest your cash value. Pros Flexible: Adjustable Whole Life Insurance gives you the leverage...Read More

Fundamentals of Variable Life Insurance Policy

Wondering whether variable life insurance is the right policy for you? You are not alone. Variable life insurance policy is a form of permanent life insurance policy with a cash value investment component. That is, it has two components: your life insurance and sub-accounts which are usually invested in stock or bond markets. If you own a variable life insurance, you are expected to pay...Read More

Fundamentals of Adjustable Life Insurance

Adjustable life insurance, also known as flexible premium adjustable life insurance, is a type of insurance that combines the features of whole life insurance and term life insurance. In simple terms, this adjustable life insurance gives you a lot of options to customize and change your whole life insurance policy the way you like without much hassle. More so, with this policy, you have features...Read More

Frequently Asked Questions About Joint Life Insurance

If you and spouse are ready to get life insurance, why not buy a joint life insurance? And if you are just hearing about joint life insurance for the first time, we have answered some frequently asked questions about it. What is the joint life insurance? It is basically a life insurance policy that is made to provide coverage to couples or partners in the...Read More