Life Insurance

November 15, 2021A split-dollar life insurance arrangement lets two or more parties share the costs and benefits of a life insurance policy. It’s not a policy, strictly speaking, but a contract between the involved parties that defines who will pay the premiums… read more…

November 10, 2021Variable universal life insurance is permanent life insurance that offers coverage for as long as you live while your premiums are paid. Once you pass away, your beneficiaries can collect a death benefit assuming the policy is paid up. You can also accumulate cash value on the policy that you can borrow against during your… read more…

November 10, 2021When people buy life insurance, they generally focus on the death benefits that go to their loved ones. But did you know that some life insurance policies offer “living benefits” that you can tap into while you are alive? These… read more…

October 26, 2021Life insurance can be a valuable addition to your financial plan. If you have a family, for instance, purchasing a policy can provide financial peace of mind in case something happens to you. Your beneficiaries can receive a death benefit,… read more…

September 13, 2021Life insurance policies, specifically whole life insurance and variable universal life insurance, continue to skyrocket in popularity. While this upward trajectory in the life insurance market has been underway for some time, there are a few factors contributing to this… read more…

April 5, 2021Life insurance can be a valuable addition to your estate plan if you’re interested in leaving a death benefit behind for your loved ones. Some life insurance policies also offer the opportunity to accumulate cash value through an investment component. When purchasing life insurance, you may be wondering whether cash value or death benefits are… read more…

January 13, 2021Life insurance offers your family and loved ones protection against any of your financial obligations after you’ve passed away. Though there are multiple forms of life insurance, term life policies provide your beneficiaries with a death benefit if you die… read more…

January 13, 2021It’s wise to select multiple beneficiaries when purchasing life insurance policies. This ensures that your family or loved ones can cover any financial obligations after you’ve passed away. The death proceeds from life insurance policies can have multiple uses, such… read more…

November 3, 2020Purchasing life insurance is a big decision and is not to be taken lightly. If you’re considering life insurance to protect your family if you die or as a savings vehicle for retirement, it’s essential to compare your options. As… read more…

November 3, 2020A life insurance incontestability clause limits the amount of time an insurer has to contest a policyholder’s coverage because of a misstatement on the policyholder’s application. When a policy takes effect, insurance companies have a set period of time in… read more…

October 30, 2020Variable universal life insurance is a type of permanent life insurance policy, like whole life insurance. However, variable universal life (VUL) insurance, which typically allows for flexible premiums, allows the policyholder to invest its cash value in subaccounts, similar to mutual… read more…

October 30, 2020Basic life insurance is a simple life insurance policy, often offered as part of a benefits package at a company along with group health insurance, paid time off and more. Companies often offer basic life insurance to their employees on… read more…

October 9, 2020Life insurance is one of the first investments that many people make when solidifying their financial future. There are a lot of terms that are unique to life insurance, and some can be confusing. If you’ve ever looked at your… read more…

October 9, 2020When buying a life insurance policy, it’s important to remember there is no one-size-fits-all policy. Therefore, insurance companies allow policyholders to purchase riders to help customize their policies. A life insurance rider is an add-on that you have the option… read more…

April 9, 2019So you took the plunge and bought a house, with a mortgage to match. You may be wondering if you need life insurance to cover the mortgage in case something happens to you before it’s paid off. Without life insurance,… read more…

February 6, 2017Life insurance is an important part of financial planning. It becomes increasingly important as people get older and begin to think about ensuring the care of their family after they die. However, there are important tax implications to consider when deciding to use life insurance and when naming your beneficiaries. From taxes on payouts to estate… read more…

July 14, 2016When you buy life insurance, you essentially provide your loved ones with a safety net. If something happens to you, your family members can use your insurance benefits to cover bills and meet other financial needs. Life insurance policies generally… read more…

June 15, 2016You’ve probably heard of a trust – the magical inheritance that only an elite few are entitled to. But the truth is, a trust is a financial tool that can benefit anyone who wants control over how they leave their estate… read more…

March 29, 2016Medical science has made enormous strides over the past century. Antibiotics, vaccinations and other treatments have all but eliminated many illnesses that once claimed thousands of lives each year. Likewise, advancements in surgical techniques and technologies have pushed the survival rates on many difficult procedures, including open-heart surgery, to over 95%. Find out now: How… read more…

March 25, 2016Life insurance is one of those things that most people can’t afford to skip out on. It’s good to have a policy if you want to ensure that your loved ones are provided for financially. Along with your health history, insurers may also take a… read more…

February 8, 2016The emotional pain of losing a loved one is obviously top of mine for most grieving people — but the financial burden is important to consider as well. The median cost for a funeral with a viewing and burial was… read more…

October 5, 2015Life insurance is a must-have for many people, but it’s especially important to have if you’re raising children on your own. Surprisingly, nearly 70% of single parents lack life insurance, according to a study from Genworth Financial. Maybe you don’t have… read more…

September 2, 2015Life insurance provides peace of mind to your family members, but it can also mean a big tax bill for your children or other heirs. If you already know that you’re going to be subject to federal estate tax after you… read more…

July 30, 2015Life insurance can provide a financial safety net for your loved ones when the worst happens, but getting approved can sometimes be an uphill battle. Aside from health considerations, there are a number of other things that insurers take into… read more…

July 1, 2015Life insurance is a financial tool that just about everyone needs, but getting coverage isn’t guaranteed. If you’ve got a serious medical condition or you’re employed in a high-risk career, the insurance company may deny your application outright. Fortunately, there… read more…