Life Insurance

September 28, 2023Private placement life insurance (PPLI) is a specialized product that combines the benefits of life insurance with investment opportunities typically not available in traditional policies. This insurance provides high-net-worth individuals a unique way to invest large sums while also benefiting from the tax advantages and asset protection features of life insurance. However, they are complex… read more…

September 27, 2023Life insurance policy dividends are returns on premiums that a policyholder receives from the insurance company when it has surplus earnings. As a general rule, life insurance policy dividends are not taxable as these are considered as return of premium. This means that policyholders can receive dividends without worrying about an added tax burden. However,… read more…

September 5, 2023Decreasing term insurance is popular among homeowners who want to ensure that their mortgage will be paid off in the event of their death, easing the financial burden on loved ones. But you should also assess your specific financial needs and obligations to determine whether this insurance is the right choice for you. A financial… read more…

August 9, 2023Whole life insurance policies not only cover a person indefinitely, but they can also pay dividends. As a policyholder, you can either receive these payments in cash, use them to offset future premiums or even purchase additional coverage with the money. But before committing to a dividend-paying whole life insurance policy, it’s imperative to understand… read more…

March 22, 2023Life insurance policies are attractive vehicles providing tax-advantaged growth that the stock market doesn’t hinder. As a result, throwing as much money as possible into the account can be tempting. After all, who wouldn’t want to maximize their gains Unfortunately,… read more…

February 14, 2023The ins and outs of life insurance can be complex. That can be especially true if you want to sell your life insurance policy. There are two types of settlements: life settlements and viatical settlements. But when talking about viatical… read more…

February 9, 2023Receiving a cancer diagnosis can be terrifying. It can also be a wake-up call when it comes to determining if your family is provided for. If you’ve never obtained health insurance before, you may wonder if you can get life insurance… read more…

February 8, 2023Life insurance is often regarded as financial protection for surviving family members after a policyholder’s death. But depending on the type of policy you have, you may also benefit from your coverage while you’re alive. You could potentially take a… read more…

January 26, 2023You can’t buy a life insurance policy for just anyone. Before an insurance company approves your request to take out life insurance on anyone other than yourself, you must obtain the consent of the proposed insured. You also have to… read more…

January 18, 2023A life annuity is a contract with a life insurance company that pays out while the purchaser is alive. These policies provide income to fund or supplement one’s retirement. Many types of life annuities exist, but they all have this… read more…

December 13, 2022A long-term care rider allows life insurance policy holders to get part of their death benefit while they are still alive. This money would otherwise get paid to a beneficiary upon the policy holder’s death and can be used to… read more…

October 6, 2022Life insurance payouts can create financial stability for grieving families, but they can also give rise to poor financial decisions and strife. Fortunately, lump sum death benefits are just one option for life insurance policies. A family income policy is… read more…

September 30, 2022Life insurance helps protects family members and others against the financial impact of the policyholder’s death. While many people don’t have life insurance, it can be a good idea for many others looking to protect their family’s future. Primary earners… read more…

September 16, 2022If you have a family — especially if you have children — life insurance can be a very important part of building a financial plan. A life insurance policy costs a bit now, but in exchange you get peace of… read more…

August 23, 2022Life insurance provides a financial cushion to soften the blow when someone passes away. The decision of when should you get life insurance is a personal question, but generally it is when others depend on your income. Learn more about… read more…

August 23, 2022Collateral assignment enables you to use your life insurance as collateral for a loan. This allows you to be approved for a loan if you don’t want to put your other assets at risk. Here is how collateral assignment loans… read more…

August 17, 2022Some life insurance plans have what’s called a “waiting period.” This is the window of time between when you enroll in the plan and when it takes effect. If you die within the window, your beneficiaries will receive nothing more… read more…

August 17, 2022Life insurance can be the ideal way to protect both yourself and those you care about. However, individual insurance companies can put age-related restrictions on life insurance policies. If you’re an older American, you may run into restrictions or reductions… read more…

July 19, 2022When someone dies, those left behind can struggle to pay off debt, replace that lost income, cover burial costs and more. Investors purchase life insurance to address those financial concerns and take care of their loved ones. While the amount… read more…

July 11, 2022You’re legally permitted to own multiple life insurances, though life insurance companies may be more concerned about your total benefits. Carrying multiple life insurance policies can give you access to more coverage and better peace of mind. In this article,… read more…

February 9, 2022Life insurance with long-term care can help you pay long-term care expenses while preserving assets for your beneficiaries. Combination life insurance policies have become popular products in the insurance industry since they provide life insurance benefits along with a rider to cover long-term care. We often realize early in life that we need life insurance… read more…

December 30, 2021Annuities are a valuable tool for retirement income. They turn your account balance into a stream of monthly payments that an investor cannot outlive. However, the major downside to an annuity is that, if the account holder passes away quickly, most beneficiaries do not receive anything. A cash refund annuity addresses this issue by making… read more…

November 22, 2021According to LIMRA’s Insurance Barometer Study and the Insurance Information Institute, 54% of people during 2020 in the U.S. received coverage through some type of life insurance. You’ve likely considered it as part of your own financial plan, especially if want to ensure dependents will be taken care of after you die. But life insurance… read more…

November 17, 2021An important part of estate planning is deciding who will get your assets when you pass away. This means naming primary and contingent beneficiaries on important accounts such as your life insurance policy and retirement account. But what do these terms… read more…

November 16, 2021Life insurance can be part of a well-rounded financial plan. But is life insurance an asset? The answer can depend on which type of policy you have. Term life insurance and permanent life insurance offer two very different options for… read more…