Life Insurance for Smokers: Here’s What You Need to Know

The fluctuating price of monthly premiums often prevents people from purchasing life insurance. This is especially true if you have a habit such as smoking. Even if you only smoke occasionally, you may pay much higher premiums for your policy compared to a nonsmoker. Here is a look at life insurance rates for smokers and how that may impact you in the future. Why Life Insurance for Smokers Is Unique If you smoke regularly, the terms of your life insurance policy will differ compared to Read More

5 Advantages of a Hybrid Life Insurance Policy

Hybrid life insurance is not like conventional insurance. It combines two policies into one, covering both long-term care needs and life insurance. This leaves fewer gaps and ensures the customer has the coverage they need for the rest of their lives. The long-term care coverage kicks in if you are diagnosed with an ongoing health condition. If you don't use your policy's long-term care portion, the death benefit from the life insurance will go to your loved ones. 1.Easy to Get Traditional Read More

5 Practical Tips to Get Started with Life Insurance

Life insurance is an essential financial investment. There are numerous kinds of life insurance policies that you can choose from. Each one offers specific benefits that will help you to protect your family. Life insurance is designed to be a safety net for your family if the unthinkable happens, and they no longer have access to your income. Discussed here are some critical tips for buying life insurance. Protect Your Family Buying a whole life policy will ensure that your family's Read More

What Is Variable Universal Life Insurance- Some Basic Facts

VUL (Variable Universal Life) insurance policies take the traditional whole life policy one step further. Instead of just putting money into an account and letting it sit there, a VUL policy allows the cash portion of the policy to be put to good use. Even though this sounds like a great idea, there is a downside that can have disastrous results if you aren't fully aware of how the policies work. Better Than a Whole Life Policy A whole life insurance policy is considered to be a permanent Read More

Borrowing Cash from Your Life Insurance: Here’s Everything You Need to Know

Are you wondering whether you can borrow money from your life insurance policy? Yes, it is possible provided your policy has accrued cash value that can be used as collateral. The primary purpose of a life insurance policy is to provide death benefits in the event of the insured person’s demise. However, there is an added benefit that allows you to borrow against your policy’s cash value once you have paid enough premiums. Though it might come across as an effortless way to acquire a quick Read More

Purchasing a Life Insurance Policy at the Right Age

It is the uncertainty of life that makes it an exciting adventure. You never know what is in store for you. That is why getting term life insurance is important. While most people agree that they need to get life insurance, there is widespread confusion about the correct age of getting it. Why Buy Life Insurance at a Younger Age? At a young age, you are physically fitter, and the chances of you acing the mandatory health checks are much higher. As time passes, the premium amount will only Read More

A Guide on the Top Life Insurance Riders for Term Insurance

Term insurance has earned the recognition of being an affordable alternative to earn an income in the event of death. It is cheap to buy but can be broadened by adding life insurance riders. They do not cost much and add multiple benefits to the insurance option. There are various options for term insurance riders, and you may choose which ones you want to add to your term policy. Each rider for term insurance holds a benefit and can be selected based on budget and circumstances. If you Read More