Pros and Cons of Decreasing Term Life Insurance

Decreasing term life insurance refers to a term life insurance policy where the value of the death benefits reduces every year until the end of the policy. By the end of the policy duration, the value of the death benefit is zero.  To help you make the right the right decisions, here are the pros and cons of decreasing term life insurance. Pros of decreasing term...Read More

Life Insurance: A Retirement-Planning Strategy

You might not be aware that your life insurance policy can help you achieve your retirement dream. Even though this might sound unbelievable, it is certainly possible. We have outlined the strategies you need to take to ensure that your life insurance becomes a part of your retirement planning. Purchase term life insurance If you want a cost-effective life insurance policy that provides adequate coverage...Read More

Types of Life Insurance

Before you apply for a life insurance policy, it is important that you are aware of the various types of life insurance that are available in the marketplace. The following are the three major types of life insurance policies that can meet your needs. Term life insurance Term life insurance is a life insurance policy that provides coverage – at a fixed rate – for...Read More

What is Convertible Term Life Insurance

Convertible term life insurance is a policy that allows you change from term life insurance to whole life or universal life insurance. This change does not require any medical tests. Term life insurance is a policy that provides coverage for a period agreed on in your life insurance contract. Whole life or universal life insurance provides coverage for the rest of your life. From the...Read More

What is the Perfect Duration for Your Term Life Insurance

Before you buy that new term life insurance policy, have you thought about how long it should last? Well, we have listed some factors you should consider that would help you select the perfect duration for your term life insurance. Your mortgage You should take your mortgage into account when selecting a duration for your term life insurance. How many years will it take you...Read More

What is Term Life Insurance

Term life insurance, also known as pure insurance, is an insurance policy in which you pay a fixed premium for a specific period of time. The period may range from 1-30 years depending on the insurance company, and you can renew your coverage after the expiry period. But if you want to renew your existing term life insurance, the premium you will pay depends on...Read More

How to Get the Cheap Term Life Insurance

It is important to buy life insurance to ensure your loved ones have financial stability after your death. Term life insurance is an affordable life insurance option. Term life insurance means that your stated dependent receives money if you die within the period in your contract. However, not all term life insurance policies are the same. Below, we have explained the ways you can get...Read More

Why You Should Not Convert From Term Life Insurance to Permanent Life Insurance

Term life insurance is one that covers a particular period while permanent life insurance covers the whole period until you pass away. At times, your insurer may try to persuade you to convert from term life insurance to permanent life insurance. Here’s why you should not switch: Monthly premium costs are high Unlike the premium of term life insurance, the monthly premium cost of permanent...Read More

Why You Should Convert From Term Life Insurance to Permanent Life Insurance

Most people opt to purchase term life insurance which provides coverage for a specified period. This plan tends to be cheaper, but below are some of the reasons why you can convert your term life insurance policy to a permanent life insurance plan. Availability of cash value Permanent life insurance policies provide you with cash value which accumulates over time. You can withdraw the available...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

Which Period Is Perfect For Term Life Insurance: 20 or 30 Years?

After deciding on term life insurance as your preferred type of life insurance, you still have to choose the term period of the policy. You can select any number of years between 10 and 30 years in terms of five years. The perfect period for you would depend on your reasons for taking up life insurance. 20-year term life insurance period The 20 year-length term...Read More

Types of Term Life Insurance

If a term life insurance is what you are looking to get, then you should definitely know about its different types. We have listed the most common types of term life insurance, along with their facts and benefits, to help you make the right choice. Guaranteed level term life insurance This type of term life insurance is the most common and basic type. It has...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

Pros and Cons of Term Life Insurance

Term life insurance is a formidable type of life insurance policy. But before you take the leap, we strongly advise you to digest the following pros and cons of term life insurance. Pros Affordable: Term life insurance is very cheap and affordable compared to other types of life insurance products. If you have sound health, your monthly premium could be less than $50 for a...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

Life Insurance for Seniors

Buying life insurance is cheaper when you are young and healthy. It becomes harder and more expensive as you get older. Despite this fact, there are life insurance policies targeted at seniors. Here we will explain the types of life insurance for seniors. We will also state the benefits of life insurance and how to get the best life insurance policy for seniors. Life Insurance...Read More

Is It Worth It to Convert to Term Life Insurance?

Are you presently shopping for a new life insurance policy in the market? Have you considered converting from your current life insurance plan to term life insurance? Here are some reasons why you should make that switch today. It is easy and cost effective If you need a simple to understand life insurance without any technical jargon, then term life insurance is the perfect fit....Read More

Frequently Asked Questions About Term Life Insurance

Are you hesitant about going for a term life insurance plan? Hopefully, these questions that are often asked about term life insurance policies will help you decide. Are all term life insurance policies similar? No. There are different types of term life insurance policies to suit various categories of people. Which type of term life insurance should I choose? We advise that first, you determine...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

Pros and Cons of Annual Renewable Term Life Insurance

The annual renewable term life insurance is one that gives you coverage for a period of 1-30 years, while also giving you the option to renew at the expiration of your contract. While it could be appealing due to the renew option it has, it is essential that you know both the pros and cons before you go ahead to purchase it. Without further ado,...Read More