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Life insurance offers valuable protection. A life insurance policy is a valuable protection option for young children. You may also wish to purchase life insurance to protect your elderly parents. We recommend checking out the best insurance for those over-50s, the best insurance for seniors, and the best funeral insurance companies. Most Frequently Asked Questions […]

The return of premium (ROP insurance) is a typical term insurance policy that provides a death benefit for your beneficiaries if your policy ends but returns the premiums if your policy term ends. If you die during the term of a standard term insurance policy, there will not be any payout. ROP insurance is more […]

A lot of families decide to buy life insurance for their children in order to lock in a low-rate rate, protect their insurability, and provide for burial expenses in case of death. Although children’s life insurance can be used as a savings vehicle for college, it is often less expensive than other savings plans. There […]

Although it is more difficult to purchase life insurance as you get older, it is possible. Because of certain health conditions, life insurance can be more expensive as you age. Insurers are less likely to approve your request if you have a medical condition. There are still options for you if you’re older than 50 […]

The most reliable whole life insurance companies offer excellent customer service and financial stability. They also make it easy to buy. A whole life policy can cover your entire death benefit if you have the means to pay. You could also combine the long-term benefits of whole life with a life insurance policy to increase […]

Only a few industries, outside the financial services industry, offer opportunities for inexperienced professionals to earn a significant income within the first year of their employment. A life and insurance agent is one of the few professions that offer new employees the chance to make a good income. A hardworking agent in insurance can make […]

What is a Guaranteed Death Benefit? A guaranteed death benefit refers to a benefit term that guarantees the beneficiary (as named in the contract) will receive a death benefit if the Annuitant passes away before the Annuity starts paying benefits. Understanding Guaranteed Death Benefit An annuitant can receive a guaranteed death benefit as a safety […]

What is an Accumulation Period? An accumulation period, also known as an accumulation phase, is the time during which regular contributions to an investment or premiums are paid on an insurance product such as an Annuity that can be used for retirement. The annuitization stage is when annuity payments begin. Understanding the Accumulation Period An […]

What is an irrevocable life insurance trust (ILIT)? An irrevocable insurance trust (ILIT), which is a trust that an insured creates during their lifetime, owns and controls a term- or permanent life insurance policy or policies, is an irrevocable insurance trust. It can also distribute and manage the proceeds, which are paid out at the […]

Life insurance does not come in a single package. It is up to you to choose the type, length, and amount of coverage you require. You might choose to purchase a 20-year life insurance policy with a $500,000 death benefit. You must also decide where you want to purchase it. There are generally four options […]