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All About Insurance Premiums
Insurance Premiums are the dollar amount you pay into a life insurance policy. You can pay premiums on a monthly basis or less often if you choose. All policies contain a 31-day grace period for late payments, therefore if you are late paying your premiums, you policy still stays in effect for 31-days, until you [...]
Life Insurance Company Importance
One of the most important thing to know is if the insurance company you buy from will be able to pay death benefits when you die. Choose a company with a good reputation and past history. Choose a company that offers the product and features that meet your needs Find out what state the insurance [...]
Life Insurance | What Happens After I Die?
If you do not sell your life insurance policy, and you should die, the beneficiary you named on your policy must file a claim to collect the death benefit. The insurance company has 60 days to pay the claim or notify the beneficiary. The beneficiary should get a claim form from the insurance company. The [...]
Buying a Whole Life Insurance Policy
Remember the more complicated the policy gets, the more you will find yourself relying on your agents to explain and help you. It is difficult to compare whole life policy with other policies because they are complex.
What is Mortgage Life Insurance?
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 [...]
What is Universal Life 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 [...]
What is Level Term Life Insurance?
Level Term Life Insurance is a guaranteed level premium where the premium is guaranteed to be the same for a period of years.
Is it wise to purchase A Critical Illness Insurance Policy?
Critical Illness Insurance is developing into an essential insurance policy, and contues to grow in popularity.
Many individuals around this country consider it to be a worhwhile purchase as it provides financial peace of mind.
What is Property and Casualty Insurance?
Property and Casualty Insurance is called General Insurance which comprises of any insurance that is not determined to be Life Insurance. This insurance is a non-life insurance policy. A General Insurance includes automobile, homeowner, pet, creditors, public liability workers comp, and other insurance policies A General Insurance policy provides payments depending on the loss from [...]
Should I obtain a Critical illness policy?
Reader question: Ovarian Cancer runs in my family, Should I purchase a critical insurance policy to protect my family? First lets discuss what a critical insurance policy is. This type of policy is a contract, invented by Dr. Barnard, that pays a lump sum cash payment to the policy owner if diagnosed with one of [...]
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