The first thing you should know that even though no exam life insurance seems more convenient, most of these policies cost AT LEAST 2 – 3 TIMES MORE than policies which do require an exam. If you are young and healthy, or even older and healthy, we would not recommend that you apply for a no exam […]
There are many types of life insurance agents as well as life insurance companies, but when it comes to picking an agent for your Life Insurance needs look no further then an Independent Life Insurance Agent. Advantages: We can offer multiple options and offer policies that suit your specific needs. We work with multiple carriers […]
The purpose of life insurance is to provide financial support for your dependents if you are no longer around to do it yourself. If you don’t have any dependents, you probably don’t need to spend money on life insurance. If you are contributing significantly to the financial well-being of someone in your life, you think […]
There is no reason why, people can’t have multiple insurance policies to handle multiple issues. Having term insurance when your children are young so that the family is covered through their college years is common. Adding a whole life policy that is for business continuity purposes is another possibility. Multiple policies for covering different risk […]
Term: is a type of life insurance that provides a potential death benefit for a fixed period. This is commonly a flat premium for 10, 15, 20, or 30 years. After the end of the term the policy no longer provides a death benefit. The other common characteristic of term life is there is generally no […]
Permanent: permanent insurance provides lifelong protection, and the ability to accumulate cash value on a tax-deferred basis.
Dividend – A return of part of the premium on participating insurance policies to reflect the difference between the premium charged and the combination of actual mortality, expense and investment experience. Dividends are not considered to be taxable distributions because they are interpreted as a refund of a portion of the premium paid.
Face Amount – The amount stated on the face of the policy that will be paid in case of death or at the maturity of the policy. It does not include additional amounts payable under accidental death or other special provisions, or acquired through the application of policy dividends.
Face Amount: The amount stated on the face of the policy that will be paid in case of death or at the maturity of the policy. It does not include additional amounts payable under accidental death or other special provisions, or acquired through the application of policy dividends.
Life insurance is traditionally a straightforward concept, you purchase an individual plan if your health qualifies or you get it as a part of a group through your benefits at work. If you die your beneficiary or beneficiaries get paid money in the form of a death benefit. All insurance is meant to cover a loss, […]
