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 pain, … [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 … [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. … [Read more...]
Decreasing Term Life Insurance or Not?
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 away. Or, when the … [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 know there are more than a few types of life insurance policies … [Read more...]
These 3 Life Insurance Facts Will Change Your View
Ever visited life insurance consumer sites? Then, you should have noticed how some people can be critical about life insurance. They say life insurance is all scam. Even if you have not read something like that, you may share the general negative attitude that many people cater to about life insurance. If you are in doubt about life insurance, this post is for you. It … [Read more...]
Variable Life Insurance: Its 6 Pros and 6 Cons
Variable life insurance is one of your options when you want life insurance with added benefit. The extra benefit comes in the form of cash value or living benefit. Being of whole insurance genre, there is, of course, the essential death benefit too. So, variable life policy comes with two features—death benefit and cash value. ***** Let’s skippablly bear in … [Read more...]
21 Life Insurance FAQs You Cannot Ignore
Most people hate life insurance. But the most of the most purchase some type of life insurance when they reflect on their dependents’ future. It is the most easily available option they can finally think of and get. LIMRA, an industry watchdog, identifies lack of information to be the biggest reason for people’s not buying life insurance. This is why we have … [Read more...]
Life Insurance for Smokers: the Pain and the Penalty
As you are looking for information about life insurance for smokers, we have mixed news for you. For you, the good news is that you are lucky that you can get life insurance if you are a smoker. But the not-so-good news is that the cost will be a lot higher than that of a non-smoker’s. When you come to know to what extent the costs go up, your socks will instantly get … [Read more...]