Life Insurance

Hands holding life insurance flyersLife insurance coverage is an important aspect of securing your financial situation, as it provides a benefit to your loved ones in the event you pass away. A payment from life insurance can be used in any way a beneficiary deems fit, such as paying off a mortgage balance or outstanding student loan debt, funding a retirement account or college fund, or replacing a portion of income to help sustain a certain lifestyle. While life insurance is important, it can be a challenge to understand the different types of policies available, how much is needed, and what represents an affordable policy. Below, you will find helpful tips and information regarding life insurance coverage, how different policies work once they are in place, and the process for obtaining life insurance coverage that fits your budget.

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The Process of Getting a Life Insurance Policy

Once you have determined what type of life coverage is most appropriate for your situation, it is important to understand the process of applying for and accepting a life insurance policy. Knowing what to expect as far as the application process, and role of an underwriter as well as how to access cash value balances […]

Posted on May 4, 2015 by Melissa

Hybrid Policies – Variable Universal Life Insurance

Yet another option for permanent life insurance and arguably, the most flexible type of policy is variable universal life insurance. As its name states, this type of coverage combines the benefits and features of both variable life and universal life coverage, and varies from comparable permanent contracts by way of death benefit coverage, premium payments […]

Posted on April 20, 2015 by Melissa

Hybrid Policy – Equity Indexed Universal Life Insurance

Under the umbrella of permanent life insurance, there are a handful of hybrid or combination policies that marry the benefits and features of multiple types of cash value contracts. Equity indexed universal life insurance is considered a hybrid of traditional universal life and variable life, and varies from other policies by way of death benefit […]

Posted on April 6, 2015 by Melissa

Universal Life Insurance – Explained

In our last article we discussed the various aspects of whole life insurance and how each may benefit an individual shopping for permanent coverage. Another type of life insurance under the permanent category is universal life, which can be more complicated than its whole life sister. In order to make the best decision for you […]

Posted on March 16, 2015 by Melissa

Whole Life Insurance – Explained

Under the umbrella of permanent, or cash value, life insurance policies, whole life is arguably the most common among individuals. There are a number of aspects of whole life insurance that should be understood and compared to other types of permanent policies prior to purchasing, including death benefit, cash value accumulation, cost and flexibility of […]

Posted on March 2, 2015 by Melissa

Is Term Life Insurance Right for Me?

Although most people understand the concept and necessity of insurance coverage, selecting the correct category and type can quickly get overwhelming. There are a number of factors that should be taken into consideration when selecting your life insurance coverage, including cost and benefits available. It is also necessary to understand how each of these is […]

Posted on February 26, 2015 by Melissa

Types of Life Insurance Coverage

Throughout the history of life insurance, only two main categories of coverage exist: term insurance and permanent insurance. Under the umbrella of permanent insurance, however, there are various types of coverage from which an individual can choose, including whole life, universal life, variable life, and burial (or final expense) insurance. To fully understand which category […]

Posted on February 19, 2015 by Melissa

Life Insurance Basics: What You Need to Know

When it comes to comprehensive financial planning, protection management through insurance is usually not high on the priority list for individuals or families; however, transferring risk through the purchase of insurance is one of the easiest steps one can take to ensure the rest of a financial plan remains intact should a family member pass […]

Posted on February 16, 2015 by Melissa