Things to Know About Borrowing Money from Your Life Insurance Policy

As times get tough, many people are looking for creative ways to access extra cash. One option you may be considering is a loan from your life insurance policy. In this article, we'll discuss the types of policies you can borrow from, how a life insurance loan works, and how you can pay it back. By the end, you'll have a better understanding of how to use a life insurance loan as a source of extra funds. Policies That Allow You to Borrow From When considering a loan from your life Read More

Is Assessing Your Health While Applying for Life Insurance Necessary?

Life insurance is one policy that you cannot buy right away. You need to qualify through a medical exam or by answering a few health-related questions that help insurance providers assess your health and fix your premiums accordingly. Let us discuss how one can rate their health when applying for life insurance and what impact it creates on the cost. How to Rate Your Health While Applying for the Policy? Based on your current health and existing medical conditions, you can rate your Read More

Surprising Facts About Life Insurance You Need to Know

Purchasing adequate life insurance coverage is usually a smart decision if you have loved ones or family members dependent on your earnings. People mostly buy a life insurance plan to financially protect their loved ones in case of their untimely demise. To help you understand life insurance policies, this article provides some essential facts about how these policies work. 1.             Getting the Death Benefits During Your Read More

What You Need to Understand About Temporary Life Insurance

Temporary life insurance is short-term insurance. It applies to both term life and whole life insurance policies. It protects the policy's beneficiary for the time frame during which the underwriting process is in progress. In the event of the policyholder's death, the insurance company will pay out the death benefit to the beneficiaries attached to the policy. The amount paid as a death benefit is equivalent to the insurance coverage. Here’s a detailed analysis of temporary insurance Read More

Shopping for Life Insurance? Here’s What You Can Expect

Life insurance isn't something you would consider buying on a whim. When you start to think about your own mortality, you wonder what will happen to your family after your demise. You need to know what will be required to care for your family and pay off your debts if something happens to you. The best way to accomplish those goals is to buy a life insurance policy that will provide for their needs in your absence. The Role Your Insurer Plays Most people look at insurance providers as Read More

The Best Life Insurance Policies for HIV Positive Applicants

Life insurance aims to provide financial protection for your loved ones in the event of your death, regardless of your health status. But for HIV applicants, it may be a little bit tricky. Read on to find out more about life insurance for HIV-positive applicants. Can HIV Positive Patients Get Life Insurance? The answer to that is yes. These days, provisions have been made to purchase life insurance policies without jumping hurdles. With the continual increase in medical breakthroughs, the Read More

Why Should Women Choose Term Insurance Plans?

In recent times, women have been more involved in various fields and industries historically filled by men. Due to the rising cost of living, both men and women in many households have had to work outside the home in order to earn more income. The loss of an income earner in such situations can result in a financial crisis. In some single-parent households, women act as the only provider in the home. If they have no financial protection, such as a life insurance plan, their demise can result in Read More