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 insurance [...]

A Viatical Life Insurance settlement is an agreement to sell the ownership of your life insurance policy to another, unrelated person, who then becomes both the owner and beneficiary of the policy.

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 [...]

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 [...]

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

A Variable Universal Insurance is a type of insurance that builds cash value and is also considered a type of permanent life insurance.