The different types of life insurance can be divided into term and permanent, depending on how long they are in effect. This most common permanent life insurance is whole life. Some types of life insurnace expire, some have an investment-like cash value, and some are best for older or unhealthy applicants. There are benefits and drawbacks to each. Specific … Read more

A life insurance policy is a contract with an insurance company. In exchange for premium payments, the insurance company provides a lump-sum payment, known as a death benefit, to beneficiaries upon the insured’s death. Typically, life insurance is chosen based on the needs and goals of the owner. Term life insurance generally provides protection for … Read more