What is Participating Life Insurance

Participating life insurance is a type of permanent insurance policies that offer dividends to policyholders. These dividends are paid annually and are not fixed most times. More so, they depend on the amount of profit earned by the insurance company. For instance, if John buys a participating life insurance policy from State Farm Insurance and the insurance company have surplus earnings that year, State Farm...Read More

5 Things You Didn’t Know Life Insurance Can Do

There are lots of misconceptions about life insurance. Some people will tell you that life insurance is only for the rich. Some will even tell you that life insurance is too complicated for an ordinary person to understand. Well, that’s not entirely true. And in this post, we tell you about five things you didn’t know life insurance can do. You can use your life...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

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 whole life insurance

Whole life insurance is a permanent life insurance policy with two components: your insurance and your cash value. Your insurance allows you to get your death benefits when you are no more. The cash value is a portion of your premium which you can withdraw or borrow for certain reason. Left untouched, your cash value builds up with interest, giving you the advantage of taking...Read More

Whole Life Insurance Vs Universal Life Insurance

Now that you have decided that you want permanent life insurance, the next step is obviously to select the type that will be best for you. Hopefully, this article will help you make an informed choice about the most suitable permanent life insurance to buy. Premium This is the major difference between whole life and universal life insurance policy. With whole life insurance, your premium...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

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

Pros and Cons of Whole Life Insurance

Whole life insurance is a popular insurance policy. And if you are considering shopping for this insurance plan, we advise you to weigh the pros and cons of whole life insurance mentioned below. Pros Fixed premium: Unlike term the premium of life insurance, the premium of whole life insurance is fixed. This means you don’t have to worry anymore about inflation, your age and your...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

Frequently Asked Questions About Whole Life Insurance

Are you currently in the market to buy a whole life insurance policy? Are there some things about the whole life insurance plan that are still leaving you confused? Our compilation of the frequently asked questions about whole life insurance should certainly be of help to you. At what time should I consider purchasing a whole life insurance plan? You should buy whole life insurance...Read More