Archive for December, 2007

Most life insurance policies permit you to “accelerate” the death benefit. This provision make it possible to collect on your own life insurance before you die. It is sometimes called “living benefit” provision.
This provision may be built into the policy or offered as a rider. It is intended to let you use death […]

I was recently asked this question,”What is a life insurance rider?” I did not realize that someone would not know what it really means.
The best way to explain what a life insurance rider is as follows:
Riders are modifications to the basic insurance policy added at the same time the policy is issued. Riders are […]

Both Credit Life Insurance and Credit Disability Insurance are for your protection when you purchase large items such as an automobile, boat, furniture etc…on loan or credit.

If you own a house and have a mortgage, chances are that the lender included a letter when you signed your mortgage recommending that you buy a mortgage life insurance policy.
Mortgage Life Insurance is sold by insurance companies. It is called mortgage insurance but it is really a decreasing term life insurance that will […]

It makes good sense to want enough insurance to cover your funeral expenses.Before your purchase a funeral insurance make sure that the policy does not cost more than it will pay out.
The typical “funeral policy” is a whole life policy with a small death benefit for about $5,000.00
There is an alternative to funeral insurance […]

The best way to describe Universal Life Insurance is that it is a specific type of flexible life insurance that provides coverage similar to term life insurance with the benefits of tax deferred savings.
The advantages to Universal Life Coverage are the policy has the potential for cash value to earn more than the minimum interest […]

Whole Life Insurance policy gives the policy holder a lifetime coverage at a premium rate that does not increase with age after it has been purchased. This insurance policy typically requires that the owner pay premiums for the life of the policy.
This policy builds cash value and the policy holder can use the cash […]

Life Insurance is a contract between the policy owner and the insurer. The insurer agrees to pay a sum of money in the event of the policy holders death to the designated Beneficiary.
A Life Insurance Policy is based upon life of the person named in the policy. The policy is paid out when the following […]

Level Term Life Insurance is a guaranteed level premium where the premium is guaranteed to be the same for a period of years.

Term Life Insurance is a policy that must be renewed annually and is considered to be a pure insurance protection.