Tag: "Whole life"
What Is A Life Insurance Rider?
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 [...]
Do I Need A Funeral Policy?
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 [...]
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