Types of Life Insurance

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Reasons To Choose Term Life Insurance (2024)Post

Reasons To Choose Term Life Insurance (2024)

Term life insurance is the most popular type of life insurance that people choose when buying a life insurance policy. If you still need a bit more convincing as to benefits from term life insurance, take a look at the below list of reasons to choose a term life insurance policy.

Term life insurance is the most popular type of life insuran...

Whole Life Insurance: A Complete Guide (2024)Post

Whole Life Insurance: A Complete Guide (2024)

Whole life insurance is exactly that, life insurance that is in effect until the end of your life, or until you cancel it, default on payment or have your policy canceled for another reason. If you meet all of the policy requirements, then whole life insurance is guaranteed to payout upon the policyholder's passing away. Most people consider it to be secure money in the bank.

Whole life insurance is exactly that, life insurance that is...

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Types of Term Life Insurance: A Complete Guide (2024)Post

Types of Term Life Insurance: A Complete Guide (2024)

One of the first decisions you should make when choosing a life insurance policy is the decision of what type you want to get; whole life or term life? A term life insurance policy can be exactly what some people are looking for. There are several types of these policies available, so you should consider the facts about each type before you choose term life over whole life insurance.

One of the first decisions you should make when choosing a l...

No-Medical-Exam Life Insurance: A Complete Guide (2024)Post

No-Medical-Exam Life Insurance: A Complete Guide (2024)

Life insurance is the best way to guarantee your family's future if you are not there with them. The problem is, most types of life insurance require a medical exam before the policy is issued, and that could mean weeks added to the application process. With no medical exam life insurance, the delay is avoided, and people who might otherwise be denied coverage are still eligible. If time and eligibility are things you have concerns about, getting life insurance without a physical exam is an available option when there may not be many.

Life insurance is the best way to guarantee your family's fu...

Types of Whole Life Insurance: A Complete Guide (2024)Post

Types of Whole Life Insurance: A Complete Guide (2024)

There are two basic forms of life insurance; term life and whole life insurance. Term life policies are active for a defined duration of 1 to 30 years. They pay off a specific amount if the insured dies within the duration that is defined (the Term). Whole life insurance is active for the insured's entire life-span, unless the policy is closed or canceled. Term life is usually used to make sure that a family can meet all of its obligations and goals. A whole life policy offers protection for the family's financial status.

There are two basic forms of life insurance; term life and w...

Reasons To Switch From Whole Life Insurance to Term Life Insurance (2024)Post

Reasons To Switch From Whole Life Insurance to Term Life Insurance (2024)

Many people make the assumption that all life insurance types are the same. They know that if they die with an active insurance policy, then that policy will pay out. This is true; both whole life and term life insurance will pay out if the insured party passes away during the lifetime of the loan. Since both types pay out, why would anyone want to switch from a term policy to a whole life policy? This question will be addressed in this article.

Many people make the assumption that all life insurance type...

Mortgage Life Insurance vs. Term Life Insurance: Which coverage is right for you? (2024)Post

Mortgage Life Insurance vs. Term Life Insurance: Which coverage is right for you? (2024)

Mortgage insurance is a special type of policy that pays off your mortgage if you die. In most cases, mortgage life insurance pays directly to the mortgage lender, which means the policy has a diminishing payout over the course of the mortgage. For some people, mortgage life insurance may be available in situations where other types of insurance are not, making mortgage life insurance more accessible to a broad range of needs.

Mortgage insurance is a special type of policy that pays off...

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