- What Is Group Term Life Insurance?
Life insurance is a valuable tool that pays off debt and replaces income when someone dies. While some investors purchase individual term policies, others get group term life insurance from their workplace or other organizations to which they belong. It… read more…
- How Much Does a $2 Million Life Insurance Policy Cost?
A $2 million life insurance policy may sound like a lot, and you might think so much coverage must be very expensive. But when you consider all the expenses your family will have if you pass away – a mortgage,… read more…
- How Does Simplified Issue Life Insurance Work?
Life insurance is designed to provide financial peace of mind for you and your loved ones. Simplified issue life insurance is something you might consider if you don’t want to go through the standard medical exam that’s often required to obtain coverage. You might consider a simplified issue policy if you need to get covered… read more…
- Life Insurance Disability Income Rider
Adding riders to a life insurance policy can make your coverage more comprehensive. A disability income rider can provide you with a steady source of income if you become disabled and can no longer work. Disability riders are a type… read more…
- Guaranteed Insurability Rider for Life Insurance
When buying life insurance, you may be offered the opportunity to add riders to the policy in order to expand your coverage. A guaranteed insurability rider allows you to increase your policy’s death benefit without having to complete a second medical exam. Doing so can raise the cost of your premium but it may be… read more…
- What Is a Lifestyle Spending Account (LSA)?
A Lifestyle Spending Account (LSA) offers employers an opportunity to help fund health and wellness costs that a traditional group health plan won’t cover. LSAs are often used as perks to attract and retain quality employees. Employers tailor accounts to reimburse specific costs. Here’s how it works. A financial advisor can help you create a… read more…
- What Happens to Life Insurance With No Beneficiary?
Life insurance policies provide a financial benefit to the people left behind when someone passes away. This money is available to cover burial expenses, pay off debt, replace lost income, and more. But what happens to life insurance with no… read more…
- How Does a Child Life Insurance Rider Work?
Life insurance riders allow you to increase the coverage or death benefit provided by your policy. If you have kids, you might consider adding a child rider. Child rider life insurance additions pay out a death benefit if a covered… read more…
- Understanding How Life Settlements Work
Life insurance can prove to be a valuable asset if you’d like to leave a death benefit behind for your loved ones. But if you decide you no longer need your current policy or you need cash now, you may choose to exchange it for a life settlement. A life settlement, also known as a… read more…
- When and How to Cash Out Life Insurance
Life insurance is designed to provide a death benefit to your loved ones after you pass away. Certain policies can also accumulate cash value that you can tap into during your lifetime. There are different ways to cash out life… read more…
- How and When to Buy Life Insurance
Death may be coming for all of us someday, but that doesn’t mean it’s a nice thing to think about. While you may be able to block out the thoughts of your mortality most of the time, there is one… read more…
- Indexed Universal Life vs. Whole Life Insurance
Life insurance can provide a measure of financial protection for your loved ones against the worst-case scenario. Whole life insurance and indexed universal life insurance (IUL) are two types of permanent policies you might consider if you’re interested in lifetime… read more…
- What Is a Life Underwriter Training Council Fellow (LUTCF)?
New insurance agents can get a grounding in the basic skills, such as underwriting, needed to succeed in the field by becoming a Life Underwriter Training Council Fellow (LUTCF). After completing the required training, agents will have greater expertise in… read more…