Life Insurance Articles

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Life Insurance for My Daughter

A life insurance policy for your daughter, also known as a juvenile policy, is a policy that is purchased by you to insure her life. You, however, actually own the policy until your daughter reaches what is known legally as the age of majority. (Each state determines the age of majority for ...

The Risks of Not Having Life Insurance

Life insurance products were created to protect families from financial hardship in the event of the death of the primary earner. The amount of money that is paid to the beneficiary of the policy is known as the death benefit. One risk of not having life insurance is not having a death ...

Whole Life Insurance Benefits

Whole life insurance is permanent insurance that remains in effect for the "whole" life of the insured. Along with the death benefit that is paid to the beneficiary, it has a cash value component. A portion of the premium is invested, regardless of whether is it paid in multiple ...

Why Senior Citizens Should Consider Life Insurance Options

Contrary to what most people think, senior citizens can benefit from the right life insurance policy. While a permanent policy may not be the right choice for a senior who is on a fixed income or for one who cannot tolerate the volatility of the stock market, there are plenty of other ...

Universal Life Rates Explained

The universal life insurance product is relatively new. Unlike a temporary term life insurance policy, a universal life insurance policy is permanent. Provided the policy owner pays the premiums according to the schedule, the policy remains in force until it matures. Maturity most often ...

Why Should I Buy Whole Life Insurance

For generations a debate has raged on over whether it’s best to buy whole life insurance or to buy term life insurance and “invest the difference”.  Proponents of each method are adamant in their positions and both offer sound reasoning in their answers.  But, for ...

How Does Life Insurance Work

Few financial instruments are as complex as life insurance, but it doesn’t have to be a mystery as to how it works.  For most people, life insurance is the single most important part of their financial life as it may provide the only source of capital that will be needed to ...

Life Insurance Options

Everybody like options. Whether buying a car, a house, or a lunch off of fast food menu, people need to be able to satisfy their own personal preferences and needs. The purchase of life insurance is no different, and, fortunately, there is a seemingly unlimited amount of choices available in ...

Average Term Insurance Premiums

The average term life insurance premium is based on several factors. Insurance companies base the amount they charge for coverage on the age, health status and lifestyle choices of the applicant along with the amount of the death benefit and the length of the term. Younger ...

Where to Buy Top Universal Policies

For people with the foresight to recognize that their need for life insurance may be permanent and that their financial life will evolve through several different stages, a universal life policy is one of the best alternatives for life coverage.   Combining a low cost death benefit ...

An Explanation of Universal Life Insurance

Universal life insurance was launched in the early 1980’s at a time when interest rates were historically high and its forebear, whole life insurance couldn’t satisfy consumer appetites for high returns that were available in bank CDs and money market accounts.  Universal ...

Top Reasons to Have Life Insurance

Most financial planning experts agree that life insurance should form the foundation of everyone’s financial plan.  For most families, their most basic financial security needs would be in jeopardy should they suffer the loss of one of their primary breadwinners. Intellectually, ...

Does a Divorce Affect My Life Insurance Policy

Divorce is one of the more disruptive life events that can seriously impact all aspects of a couple’s financial lives. And, the fact that it must address the interests and needs of two, possibly, antagonistic people, it is one of the more distressing events anyone can experience. Life ...

Life Insurance Costs

You've spent hours figuring out your life insurance needs, researching products and speaking with agents. You've been provided with several premium quotes, and now, you're scratching your head wondering why they're so different from one another. Your thoughts then turn to the ...

Define Whole Life Insurance

To define whole life insurance, one first needs to define permanent life insurance. A permanent life insurance policy is one that is in force permanently. Whole life is often defined as insurance that is in effect for a person's "whole life". This is unlike term life insurance, ...

How Do You Buy Online Life Insurance

As few as 10 years ago, it was difficult to figure out how to buy life insurance online. Web directories like Yahoo, and search engines like Google and Bing were not nearly as well-known and understood as they are today. And even if the largest and most-respected insurance companies had ...

How to Lower My Life Insurance Costs

While there isn't much you can do if a first-degree relative (parent, sibling or child) died of heart disease, cancer or complications of diabetes before he or she reached 60, you can take several steps to improve your risk of illness, which in turn will reduce your risk of ...

A Good Universal Life Insurance Plan

Since it was first introduced in the early 1980’s, Universal Life Insurance plans have become a popular choice for consumers looking for a low cost alternative to owning a permanent life insurance policy. Since its inception, Universal Life Insurance has undergone several iterations in ...

Term Life for Single Women

In 2007, it was reported that, for the first time in history, the number of single women out numbered married women.  This can be attributed to a number of factors including the fact that many women wait until later in life to get married.  The divorce rate in the United States ...

Who to Buy Whole Life From

With all of the varieties of life insurance to choose from, it is important for  prospective buyers to have a clear understanding of their own personal financial situation so they can select the type that best suits them.  Term policies are ideal for people who need life insurance ...