What is Convertible Term Life Insurance?
What is convertable term life insurance? When you compare term life insurance with universal life or whole life insurance, you'll quickly discover that term life insurance is the most affordable of the three. Not just a little bit, but significantly more affordable....
Term Life Insurance vs Whole Life | Which one Should You Choose?
It’s often difficult to decide between traditional term and whole life policies because they have their own pros and cons, but most people end up choosing term life insurance because it’s both affordable and straightforward, yet doesn't last for life. Whole life...
Gerber Guaranteed Issue Life Insurance
With 21st Century technology in place, most people can purchase affordable life insurance without leaving their homes or even talking to an agent. In fact, most healthy individuals can buy life insurance using their mobile device, tablet, or computer, and never have...
No Medical Exam Term Life Insurance – Quick and Affordable
If you need life insurance coverage but don't want to go through a medical exam, simplified issue term life insurance may be a good option for you. Easy Article Navigation How does No Medical Exam Term Life Insurance Work?Is it More Expensive than Traditional Term...
How Much does 30 Year Term Life Insurance Cost?
Although 30-year term life insurance is generally more expensive than a policy with a shorter term, having a 30-year term policy in place means that your cost of life insurance is locked in for the entire 30 years. Similar to whole life insurance, when your 30-year...
Final Expense Insurance Frequently asked Questions
If life insurance wasn’t already confusing enough, now, companies and agents have created new names for their policies to help with marketing. This isn’t necessarily a bad thing because the different names they come up with are pretty much an indication of the...
What is the Difference Between Whole LIfe and Term Life Insurance?
Shopping for and then choosing the right life insurance policy is critical for financially protecting your loved ones. Learning about the various insurance products is also important and will help you make an informed decision. Easy Article Navigation What is Term...
Term Life Insurance FAQs – 2022
Read our Term Life Insurance FAQs to help with the insurance shopping process. Although there are many types of life insurance products being offered today, all of these products belong in one of two categories of life insurance: temporary life insurance or permanent...
What is a Longevity Annuity?
Also referred to as Deferred Income Annuities, a Longevity Annuity is a contract between an individual and the insurance company underwriting the annuity. The individual (insured party) makes a premium deposit in the annuity contract today in return for a guaranteed...
What is a Joint and Survivor Annuity?
An annuity is a legal arrangement involving the owner (also known as the annuitant) and an issuer (the insurance company). The contract owner makes the premium payment or payments to the insurance company and in exchange, the insurance company offers specific...
What is a Charitable Gift Annuity
Do you have a favorite charity that you’d like to give a rather large gift to? If you could pledge this gift to your charity of choice while taking legal tax-deductions and have a stream of income in return, would this be something that interests you?...
What is a Tax-Sheltered Annuity
A tax-sheltered annuity, or TSA, is a long-term retirement planning strategy that provides a systematic, tax-sheltered approach to accumulate money for your retirement. If an individual is working at a school or some other qualifying organization covered according to...
Why Buy Mortgage Life Insurance?
You can easily use Mortgage Life Insurance to protect your family and Invest in Retirement... For consumers who are building a family and have invested in their dream home, purchasing Term Life Insurance to pay off the mortgage if a breadwinner dies makes a lot...
Why Purchase Mortgage Protection Insurance
As an independent agent for over 25 years, I’ve had many people ask me why they should consider purchasing mortgage protection insurance. It’s actually a very good question because spending money on redundant coverage doesn’t make a lot of sense, not me anyway. So,...
Tips for Finding the Best Mortgage Protection Insurance Rates
If you’ve ever purchased a home you likely were inundated with Mortgage Protection Insurance advertising the day after you closed. Since traditional home closings are public records, insurance companies and marketing firms purchase that data in order to send out...
How Much Does Mortgage Protection Insurance Cost?
Most people commonly confuse mortgage protection insurance with primary mortgage insurance and it's easy to see why. Mortgage protection insurance is designed to pay off your mortgage balance in the event of your death and primary mortgage insurance is designed to pay...
Is Mortgage Protection Insurance Worth It?
Most people experience incredible excitement when they purchase a new home, especially first-time homebuyers. They’ve probably saved considerable money for the down payment and closing costs and usually let out a big sigh of relief when the closing is completed....
The Pros and Cons of Indexed Universal Life Insurance
What if you had access to a life insurance policy that was flexible and so that you could adjust the life insurance premiums and face value and even have the ability to increase cash value—would that be important to you? And, what if you could get this type of policy...
What is Guaranteed Universal Life Insurance?
Among the several different types of permanent life insurance, the one that is considered closest to Term Insurance is a policy known as Guaranteed Universal Life Insurance or GUL. The GUL, although a universal life insurance product, was developed for longevity...
How Does Universal Life Insurance Work?
It’s important to understand that although term life insurance is the least expensive life insurance in the marketplace, it is temporary insurance. Certainly, most term life policies can be converted to a permanent life insurance policy before the policy expires, but...
What is Universal Life Insurance?
Universal life insurance is a type of permanent life insurance policy that will furnish life insurance coverage along with the additional benefit of flexible premiums, and cash value accumulation, comparable to the savings component in a whole life insurance policy....
Planning for Lifetime Income
It goes without saying that most adults are worried about having enough funds invested for a secure and comfortable retirement. Granted, if seniors scale back to just the bare essentials most can retire on what they’ve invested into Social Security. However, this is...
Customize Your Life Insurance | Life Insurance Riders
Convertible term life insurance is a type of policy that is able to be converted from temporary life coverage to permanent coverage either during your specified term or prior to your 70th birthday, whichever comes first ( check your policy for specific dates). This...
Term Life Insurance Pros and Cons
It goes without saying that term life insurance is the most popular life insurance product sold in the U.S. today. Term insurance is especially attractive for consumers looking for an affordable solution to replace their income and help surviving loved ones continue...
Universal Life Insurance Pros and Cons
Universal life insurance provides lifetime coverage, as well as flexibility in premium payments and the investment of the policy’s cash value. The cash value of a traditional universal life insurance policy fluctuates depending on the performance of the index, and...
Mortgage Protection Insurance | What is It – Why Buy It?
If you acquired a mortgage for your home, then chances are that you have received plenty of mailers advertising mortgage protection insurance. In fact, not too long after signing the papers for my own home, I immediately began receiving these mailers promoting...