Types of Permanent Life Insurance Policies

A permanent life insurance policy is a type of insurance plan that offers lifetime coverage and has a cash value component. Unlike term life insurance, permanent life insurance is expensive and is free from tax until money is removed from the account. Without further ado, the following are the types of permanent life insurance policies in the marketplace. Whole life insurance Whole life insurance comes...Read More

Reasons to Update Your Permanent Life Insurance Policy

If you have forgotten about the details of your permanent life insurance policy, then you are doing it wrong. Like every other thing in life, your life insurance policy should be constantly reviewed to reflect the changing times. However, if you are still not convinced, we have listed some reasons you should immediately update your permanent life insurance policy. Starting a family Getting married and...Read More

Borrowing from Life Insurance Policy: Is It Possible?

The main aim of a life insurance policy was merely to provide a death benefit to a beneficiary at the demise of the policyholder. However, with constant changes in the industry, several additions and corrections have been made by insurance companies to their packages. Different kinds of life insurance packages now allow life insurance policyholders to have investments and savings and borrow against their policy....Read More