How much do funerals cost? [2024]

One thing is certain, and not many people like to think about it. The truth is that we’ll all pass away at some point. If you’re married, own property, or have children, it’s best to plan ahead to ensure that your funeral isn’t a stressful ordeal for the loved ones you leave behind. The first…

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Life Insurance Retirement Plans (LIRP) [2024]

It is never too early to start thinking about retirement. The sooner you start saving, the more money you will have when you retire. If you are looking into life insurance policies, you’ve probably heard about life insurance retirement plans (LIRPs).  Some permanent life insurance has a cash value component that grows over time. You…

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What is universal life insurance?

You have many options for permanent life insurance, and finding the right policy depends on your investment strategy and the amount of coverage you need. Universal life insurance (UL) will give you more flexibility when it comes to premiums, death benefits, and investment indexes, but it’s not for everyone. Keep reading to learn how UL…

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How to Borrow Money from Your Life Insurance Policy [2024]

When money is tight, borrowing against a life insurance policy is an easy way to access the cash you need quickly. However, you can only borrow against permanent life insurance policies. In this article, we’ll explore the options for cashing out life insurance in 2022, including what the process is, how much you can borrow,…

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Is life insurance worth it or not?

Since life insurance isn’t required coverage, you may wonder if life insurance is worth it or not, particularly when you already pay for other coverages like health insurance or car insurance.  The answer depends on your financial situation, whether you have dependents, and similar factors. For example, life insurance for families may be a good…

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What is cash value life insurance?

If you’re in the market for a life insurance policy or looking to switch to a different one, you’ll soon discover plenty of choices, including life insurance with a cash value attached. When searching for life insurance, the term cash value might come up, and you might wonder how this applies to your coverage. You’ll…

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