Can life insurance and pain be interrelated? Perhaps, you have never asked yourself such a question. Though you may jump out of your skin if you hear your application for life insurance may come under minute scrutiny for pain, it is true. While you have often ignored your pain or have accustomed yourself to it, your insurer may not overlook it. Life insurance and … [Read more...]
Life Insurance Claims Process Explained
If you are a beneficiary to a life insurance policy, you need to know how the life insurance claims process works. Because, the benefit will not generate automatically or only by your informing the insurer that the policyholder is no more. Or, if you are the policyholder, you need to have a clear idea about how to claim life insurance death benefit. It is good to share the … [Read more...]
Tax on Life Insurance: 6 Essential Questions Answered
Is there tax on life insurance? – You may have wondered to know. Even if you have not, you should. Don’t credulously believe an agent if he says the policy you are planning to buy is tax-advantaged. While he may not be usually lying to you when he says so, he may not be absolutely right either. Typically, you do not have to pay taxes for your life insurance proceeds. But … [Read more...]
Decreasing Term Insurance or Not?
Hubby and Wife in Bed What Is Decreasing Term Life Insurance? Decreasing term life insurance is yet another version of term life insurance. The idea of decreasing term life insurance can be pretty confusing for what you have always heard about life insurance. Generally, you know, insurers channel a gross amount of money to the beneficiaries when a policyholder passes … [Read more...]
Does Increasing Term Life Insurance Make Sense?
Falling into 5 categories, term life insurance policies are: annual renewable, level, return of premium, decreasing, and increasing terms. The last one is the least used. This discussion throws light on the latest on the list – increasing term life insurance. What Increasing Term Life Insurance Is You known there are more than a few types of life … [Read more...]