Permanent life insurance 101

While some people are going to tell you that going for permanent life insurance are complete waste of time and money, others believe just the opposite. Compared to term insurance, permanent policies are more expensive and for longer durations. So, are you worth your while? Truthfully, it depends upon your family structure, your aim of getting an insurance policy, your budget, your spending capabilities, and your individual requirement.

Both term and permanent life insurance have numerous takers and both have their benefits and limitations. By comparing both of them side-by-side, it’ll be possible to gain a deeper understanding and make informative decisions in making a choice between the two.

The basic purpose that life insurance companies serve is to protect a family’s financial interest in case of death of an insured member from the family. But it can also be considered as an effective and profitable method of savings in the long run, as the policyholder is entitled for money back, if he/she can […]

Permanent Life Insurance programs provide a lifetime cover besides acting as a wholesome investment plan. Your family gets death benefits in case of untoward happenings; you get cash back at the end of the term, and credits against the cash value whenever needed. Even with associated benefits, it is necessary to make some smart decisions […]

More than seven out of ten households in the United States are insured and half of these households say they require more life insurance cover. If you are looking to do more with, think of permanent insurance. Permanent Life insurance is a comprehensive term used to refer to life insurance policies that last throughout your […]

Permanent life insurance is also known as whole life insurance or endowment policy. Under permanent life insurance policy, the sum assured is paid out either on the death of the insured person or at the time of the expiry period of the policy. Further, nearly all permanent life insurance policies have a provision for cash […]

Permanent life insurance is the ideal long-term solution for most individuals due to several reasons. The important aim of any life insurance policy is to offer protection to the financial situation of your family if you meet death. Permanent life insurance assures this to you and your family during your entire lifetime. At the same […]

Are you one of the people who prefer the permanent life insurance in the detriment of the term life insurance? If your answer is ‘’yes’’, then you have to learn how to properly structure a  permanent life insurance contract, as this will help you sign a very good deal. Specialists say that the permanent life […]

Universal life insurance policy provides an individual with the death benefits. Also, if you invest your hard earned money in such a policy, it would be a bargain worth making, because it would result in the enhancement of your savings. Death benefit refers to the money that would be received by the beneficiary in case […]

According to the Financial Industry Regulatory Authority, a variable life insurance policy is considered to be an investment, so anyone who has one should take care to treat it as such. What is a variable life insurance policy? It is a permanent policy that provides the insured party with life insurance coverage and protection that, […]