Types of Life Insurance

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Life Insurance Retirement Plans (LIRP) [2023]

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...

It is never too early to start thinking about retirement. Th...

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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...

If you’re in the market for a life insurance policy or loo...

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What is evidence of insurability?

In the insurance world, evidence of insurability (EOI) is a term used to describe the documents and other information that insurance companies need to approve or deny coverage for an individual.  It’s basically a way for insurers to verify an applicant’s eligibility for coverage. Generally, EOI includes personal information, medical history, and lifestyle information about...

In the insurance world, evidence of insurability (EOI) is a ...

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Understanding Long-Term Care Insurance

At some time in our lives, around 70% of us will need help with routine activities like getting dressed, traveling to appointments, or making meals.  Because many people are unsure of what their insurance policies cover, and Medicare benefits are frequently misunderstood, we’ll help you understand long-term care insurance policies today. Why buy long-term care...

At some time in our lives, around 70% of us will need help w...

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What is supplemental life insurance?

If you have a family, then you know that they are your number one priority. You would do anything to ensure they are cared for, including protecting them financially. One way to do this is by purchasing supplemental life insurance.  Supplemental life insurance policies are a great way to protect your loved ones financially in...

If you have a family, then you know that they are your numbe...

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How to Find Out if Someone Has Life Insurance

While at first, it may seem strange to ask how to search for a life insurance policy on someone else, there can be a number of valid reasons why you need to know.  For instance, if a loved one passes on and you’re the beneficiary, you need this information in order to finalize certain end-of-life...

While at first, it may seem strange to ask how to search for...

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What is key man life insurance?

Do you need key person insurance? A company or small business will buy key person life insurance if the business would suffer financially after an essential employee’s death. Employees considered key to a company are usually business owners or C-suite executives with intimate knowledge of corporate plans and processes. This type of life insurance is...

Do you need key person insurance? A company or small busines...

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Variable Life Insurance: Understanding the Pros and Cons

What is a variable life insurance policy? Some describe it as a type of permanent life insurance, but the best variable life insurance definition is that it’s one of the riskiest types of life insurance you can buy. Like all whole life policies, variable life insurance (VLI) builds cash value that often meets or exceeds...

What is a variable life insurance policy? Some describe it a...

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Are life insurance premiums tax-deductible?

Life insurance is a valuable investment for anyone with dependents relying on them financially. Whether you buy a temporary life insurance policy or a long-term permanent life insurance plan, life insurance offers a way for you to protect your loved ones after you’ve passed. Since most life insurance policies are a lengthy investment, understanding the...

Life insurance is a valuable investment for anyone with depe...

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How much life insurance do I really need?

As the breadwinner, your income is necessary, meaning your loved ones could struggle to cover monthly expenses without your help. Life insurance ensures your family’s financial stability after you pass, so it is important to get the appropriate amount of coverage. A good starting point would be calculating your financial obligations. However, figuring out precisely...

As the breadwinner, your income is necessary, meaning your l...

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Life Insurance vs. Accidental Death & Dismemberment (AD&D) Insurance: Which Is Better for You

There are multiple options to financially protect yourself and your loved ones in the event of death. Two options are life insurance and accidental death and dismemberment (AD&D) insurance.  While both provide financial coverage in the event of death, there are key differences in the types of coverage they offer. It’s important to understand these...

There are multiple options to financially protect yourself a...

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Life Insurance Riders (Terms Explained)

What are riders in insurance? Typically offered for life, home, car, and rental insurance policies, riders are add-on benefit options or restrictions to a basic insurance policy.  Customers can add a range of life insurance riders to different types of term life insurance or permanent policies, from riders that protect estates to spouse insurance riders....

What are riders in insurance? Typically offered for life, ho...

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Indexed Universal Life (IUL) Insurance

If you’re searching for life insurance, you may have noticed that you have a vast amount of choices. From temporary life insurance to more permanent coverage, it can be overwhelming to try and figure it out by yourself, especially if you’ve been looking into indexed universal life insurance. Life insurance acts as a form of...

If you’re searching for life insurance, you may have notic...

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Types of Life Insurance

Life insurance offers vital protection for your loved ones after your death, but finding the best policy for your needs can be confusing. With all the different types of life insurance, how do you know where to start looking? Picking the right life insurance to keep your loved ones from financial hardship doesn’t have to...

Life insurance offers vital protection for your loved ones a...

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Term Life Insurance vs. Whole Life Insurance: Which Is Better for You

There are many options regarding life insurance. Your lifestyle, financial concerns, and income determine what kind of life insurance to buy and how much you need. Term and whole life are the two most common different types of life insurance. Term insurance is typically cheaper because it’s only valid for a specific timeframe, usually 30...

There are many options regarding life insurance. Your lifest...

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Life Insurance Savings Account: What You Need To Know [2023]

If you’re looking for an additional way to save some money, a life insurance savings account may be able to provide you with a financial opportunity. Also known as cash value, a life insurance savings account is included in most permanent life insurance policies. A life insurance savings account can be beneficial during stressful times,...

If you’re looking for an additional way to save some m...

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The Problem with Employer-Provided Life Insurance

As if working for "the man" isn't bad enough, leaving can be painful, too. Especially if you only have employer-provided life insurance.

As if working for "the man" isn't bad enough, leaving can be...

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Flexible Premium Life Insurance

Flexible premium life insurance is also known as adjustable life insurance. It’s one of the few life insurance policies that are in between term and permanent life insurance. Learn more about flexible premium life insurance by going through our comprehensive guide on various details about flexible premium life insurance and other variations of the policy...

Flexible premium life insurance is also known as adjustable ...

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Equity Indexed Universal Life (EIUL) Insurance

Equity indexed universal life insurance is a permanent life insurance policy that has stock market investment perks. It’s one of the more complex life insurance policies where a financial advisor is recommended. Continue reading this guide to learn general information about the equity-indexed universal guide and how much it costs per month. How does equity-indexed...

Equity indexed universal life insurance is a permanent life ...

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Extended Term Life Insurance

Extended term life insurance is a type of life insurance that allows you to keep the value of a whole life insurance policy and turn it into a term life policy. However, there are special conditions that will permit you to change your whole life policy without cancelling. This short guide explains everything you need...

Extended term life insurance is a type of life insurance tha...

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