How to Wisely Choose a Life Insurance Company

ow does one wisely choose an insurance company? This is probably the first question a person asks when looking for an insurance company to serve his needs.  After all, there are thousands of insurance companies in the market ranging from the small players to the established giants. Insurance is an intangible product so it is imperative to be careful from where you should buy it.  Many people have had bad experiences with many insurance firms […]

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Whole Vs. Universal Life Insurance – Which One Is Better For You?

So, after much thought, you finally decided that you need permanent life insurance coverage.  The next thing you need to settle is what type of policy is the best for you – is it whole life or universal life?  From this takeoff point, you can dive into specific variations of each policy that suit your needs. Prudent planning will teach you that it’s not that one type of policy is better than the other and what works for one individual may not have the same impact on another.  So, let’s take a closer look at the basic traits of each type so you can gauge which policy might be the best for you.

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Most Important Questions You Must Ask Your Life Insurance Agent

Before you buy a life insurance, make sure that you ask your life insurance agent several essential questions. Life insurance is pretty complicated and surprisingly more important that we normally take it to be.  In order to find the essential information that would really help you, you must know how to ask the right questions. Below are the questions you should ask an agent when you are planning to buy life insurance.  You may get unexpected answers but all of them will make a difference in your application.

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How To Choose The Right Type Of Life Insurance

Many financial advisors will quickly suggest a life insurance.  After all, companies design their life insurance products specifically for that need.  They take away the worries and provide peace of mind.  But do you know what type of life insurance is the right one for you?  Choosing the right one is the delicate part.  Getting a life insurance does not guarantee that you will be good financially […]

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What Are The Pros And Cons Of Term Life Insurance

Term life is the simplest form of life insurance. It offers death protection, at a fixed rate, for a specified period of time.
The specified time the “term” ends, the policy will have to renew on an annual basis. One thing is obvious – you should use it wisely. You have to understand what does it mean and how it’s gonna impact on your current and future financial balance […]

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When To Borrow Money From Your Life Insurance

Before you borrow from your policy, remember that there are several pitfalls against taking a loan.  First, there’s the danger that you might forget to pay the loan interest and subsequently affect the death benefit adversely. Second, you might believe that dividends from your variable universal life insurance policy will be enough to settle the loan […]

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Universal Life Insurance: Pros and Cons

Universal life insurance (also known as UL policy) is a type of life insurance which combines two elements: a lifetime coverage and a savings account feature. Not only does it offer insurance over a long period of time but also the chance to gain cash value, which acts as a savings account. It accumulates interest over time.In fact, the cash value is the thing that makes this type of policy so attractive […]

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What Are The Different Types Of Life Insurance

The life insurance landscape is complex. There could be as many kinds of policies as there are insurance companies.  Terms such as whole life, term life, cash surrender value, variable life are sure to baffle any newbie in the field. If you’re thinking of purchasing life insurance, you will need an understanding of the basics.

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The Basics Of Universal Life Insurance

Universal life insurance (also referred to as UL policy) is a type of  life insurance, which combines lifetime coverage with an investment opportunity. This type of policy gives the insured a chance to gain cash value over time as long as they pay their premiums. The insured can use the gained cash value, which brings interest, to borrow[…]

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What Is Term Life Insurance And How It Works?

To make things easy for you, term life is the simplest form of life insurance. This may be scary, but it offers death protection, at a fixed rate, for a specified period of time. It gets a bit scary along the way, you have to die within the specified time! The specified time the “term” once it ends, the policy will have to renew on an annual basic […]

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