VUL, extendedly speaking, variable universal life insurance is a popular type of whole life insurance that typically gives permanent protection to your heirs. But mere popularity isn’t what you should choose it for. In fact, you need to give a good consideration to it and make sure you know what you’re doing before buying it. While most people opt for traditional or … [Read more...]
18 Evangelical Benefits of Life Insurance
Are There Any Benefits of Life Insurance? Before you give the issue a complete shrug off, having several minutes to think over the benefits of life insurance may not be a very bad idea. After all, the insurance is on life itself, right? There could be a series of list-able reasons in favor of purchasing life insurance. While many of the sub-headings on its … [Read more...]
Life Insurance for Step Children: Yes or No?
Re-marriage, divorce, separation, LGBT relationship, re-coupling, living together, dating and being alone—these are all strong trends when it comes to the American family ties. Though it might sound rather critical for a society that we live in, the fact is, these are facts. Blended families are rising in number in the USA. Back in 1990, US Bureau of Census pointed out … [Read more...]
[Answered] What Type of Life Insurance Should I Get?
I am often asked, “So, what type of life insurance should I get? That’s one of the generic questions pals ask me. I don’t usually give a direct answer to such questions. I wear a fake face: depending on who I am chatting to. Then, obviously but not always, I put forward some questions to the asker to sound him or her out. I do it strategically: so as not to … [Read more...]
How Much Life Insurance Can I Buy?
When it comes to money, the more is always the merrier. This is no less true to life insurance benefit or coverage. A bigger coverage obviously means a safer future for your inheritors. And, you should ensure that you do arrange a safer future for your beloved ones through your life insurance policy. As life insurance is not very costly, you would naturally want to get … [Read more...]
How to Deal with Life Insurance Lapse
Own a life insurance and have your premiums due? If it is intentional, it is okay. But if it is simply falling behind the schedule for any reasons whatever, it may turn ominous for you. Your life insurance policy might fall into what insurers say ‘lapse’ state. Life insurance lapse is no good thing. As life insurance lapse is really a worrying issue, you … [Read more...]
What Is Guaranteed Universal Life Insurance?
A guaranteed universal life insurance (GUL) policy is an extended form of term life insurance policy. A term insurance policy ceases to protect your financial interest once the term or ‘contract years’ is gone. Typically, the protection extends up to 30 years. But if you cater to worries beyond the contract years and wish for protection for still LONGER time for your … [Read more...]
Here’s How Sleep Apnea Affects Life Insurance
Sleep Apnea as a Disorder An estimated 2 million Americans, most of whom are males, are currently suffering from sleep apnea, a sleeping disorder. You might be surprised to know that 80% of the sleep apnea sufferers are not diagnosed. Sleep apnea can be an affective factor in your life insurance. And, as to how the affecting thing will works depends on several things. … [Read more...]
Loan on Life Insurance {Think Twice}
One of the ways life insurance comes to your rescue in times of need is when you are in need of quick loans. But let this not be taken for granted literally. You need to know the inside news. Depends on the Policy Type Life insurance policies come apart in two major shades: term life insurance and whole life insurance. Term life insurance does exactly what … [Read more...]