Articles » All

Find the right life insurance product for your needs. For a free quote comparision from brand names companies, Get Started Now.

Life Insurance for My Daughter

A life insurance policy for your daughter, also known as a juvenile policy, is a policy that is purchased by you to insure her life. You, however, actually own the policy until your daughter reaches what is known legally as the age of majority. (Each state determines the age of majority for ...

The Risks of Not Having Life Insurance

Life insurance products were created to protect families from financial hardship in the event of the death of the primary earner. The amount of money that is paid to the beneficiary of the policy is known as the death benefit. One risk of not having life insurance is not having a death ...

Whole Life Insurance Benefits

Whole life insurance is permanent insurance that remains in effect for the "whole" life of the insured. Along with the death benefit that is paid to the beneficiary, it has a cash value component. A portion of the premium is invested, regardless of whether is it paid in multiple ...

Why Senior Citizens Should Consider Life Insurance Options

Contrary to what most people think, senior citizens can benefit from the right life insurance policy. While a permanent policy may not be the right choice for a senior who is on a fixed income or for one who cannot tolerate the volatility of the stock market, there are plenty of other ...

Universal Life Rates Explained

The universal life insurance product is relatively new. Unlike a temporary term life insurance policy, a universal life insurance policy is permanent. Provided the policy owner pays the premiums according to the schedule, the policy remains in force until it matures. Maturity most often ...

Why Should I Buy Whole Life Insurance

For generations a debate has raged on over whether it’s best to buy whole life insurance or to buy term life insurance and “invest the difference”.  Proponents of each method are adamant in their positions and both offer sound reasoning in their answers.  But, for ...

How Does Life Insurance Work

Few financial instruments are as complex as life insurance, but it doesn’t have to be a mystery as to how it works.  For most people, life insurance is the single most important part of their financial life as it may provide the only source of capital that will be needed to ...

Life Insurance Options

Everybody like options. Whether buying a car, a house, or a lunch off of fast food menu, people need to be able to satisfy their own personal preferences and needs. The purchase of life insurance is no different, and, fortunately, there is a seemingly unlimited amount of choices available in ...

Average Term Insurance Premiums

The average term life insurance premium is based on several factors. Insurance companies base the amount they charge for coverage on the age, health status and lifestyle choices of the applicant along with the amount of the death benefit and the length of the term. Younger ...

Where to Buy Top Universal Policies

For people with the foresight to recognize that their need for life insurance may be permanent and that their financial life will evolve through several different stages, a universal life policy is one of the best alternatives for life coverage.   Combining a low cost death benefit ...

An Explanation of Universal Life Insurance

Universal life insurance was launched in the early 1980’s at a time when interest rates were historically high and its forebear, whole life insurance couldn’t satisfy consumer appetites for high returns that were available in bank CDs and money market accounts.  Universal ...

Top Reasons to Have Life Insurance

Most financial planning experts agree that life insurance should form the foundation of everyone’s financial plan.  For most families, their most basic financial security needs would be in jeopardy should they suffer the loss of one of their primary breadwinners. Intellectually, ...

Does a Divorce Affect My Life Insurance Policy

Divorce is one of the more disruptive life events that can seriously impact all aspects of a couple’s financial lives. And, the fact that it must address the interests and needs of two, possibly, antagonistic people, it is one of the more distressing events anyone can experience. Life ...

Life Insurance Costs

You've spent hours figuring out your life insurance needs, researching products and speaking with agents. You've been provided with several premium quotes, and now, you're scratching your head wondering why they're so different from one another. Your thoughts then turn to the ...

Define Whole Life Insurance

To define whole life insurance, one first needs to define permanent life insurance. A permanent life insurance policy is one that is in force permanently. Whole life is often defined as insurance that is in effect for a person's "whole life". This is unlike term life insurance, ...

How Do You Buy Online Life Insurance

As few as 10 years ago, it was difficult to figure out how to buy life insurance online. Web directories like Yahoo, and search engines like Google and Bing were not nearly as well-known and understood as they are today. And even if the largest and most-respected insurance companies had ...

How to Lower My Life Insurance Costs

While there isn't much you can do if a first-degree relative (parent, sibling or child) died of heart disease, cancer or complications of diabetes before he or she reached 60, you can take several steps to improve your risk of illness, which in turn will reduce your risk of ...

A Good Universal Life Insurance Plan

Since it was first introduced in the early 1980’s, Universal Life Insurance plans have become a popular choice for consumers looking for a low cost alternative to owning a permanent life insurance policy. Since its inception, Universal Life Insurance has undergone several iterations in ...

Term Life for Single Women

In 2007, it was reported that, for the first time in history, the number of single women out numbered married women.  This can be attributed to a number of factors including the fact that many women wait until later in life to get married.  The divorce rate in the United States ...

Who to Buy Whole Life From

With all of the varieties of life insurance to choose from, it is important for  prospective buyers to have a clear understanding of their own personal financial situation so they can select the type that best suits them.  Term policies are ideal for people who need life insurance ...

Insurance for the Upper Class American

Insurance for the upper class American does more than simply protect the standard of living for wealthy families. It protects businesses, charities, endowments and any number of interests and causes that employ large numbers of people and are supported by the wealthy. Life insurance ...

Buy Universal Life Insurance

Universal life is a relatively new kind of permanent life insurance policy. To find and buy universal life insurance, applicants should first understand how universal insurance works. Like whole life, universal life represents a contract between the insured and the insurance company. In ...

Guaranteed Whole Life Insurance

Whole life insurance provides insurance coverage and the potential for cash accumulation for the life of the policy owner. Guaranteed whole life insurance charges level premiums as long as the policy is in force. That means that as long as the insured pays the premiums as scheduled in the ...

Life Insurance for My Son

As with all policies, a life insurance policy for your son should be purchased as early in his life as possible. If you're young or have other financial obligations at the time your son is born, you may want to wait a year or two so that premiums will not deplete the cash you need for ...

How is Your Life Insurance Rate Determined

While it may not necessarily be a pleasant thought to contemplate, the life insurance rate an applicant is quoted reflects his or her current age, state of health and risk of death. If the policy is for term insurance, it reflects the probability of the applicant's death during the term. ...

What are the General Life Insurance Types

There are only two general types of life insurance: Term and permanent. Term life insurance is temporary. It is in force only for the specified amount of the term, which can be as short as one year or as long as 30. Once the term ends, the insurance coverage ends. Permanent insurance, ...

Standard Life Insurance Company Review

Standard Life Insurance has been providing coverage and focusing on seniors for fifty years. As of the end of 2009, the company maintains over a half Billion dollars of assets under management and a surplus of more than $200 Million. ...

What is Group Life Insurance

Group life insurance covers a large group of people who are all members of the same group. Historically, groups were based solely on occupation, like fisherman or farmer, not on where an individual worked. Today, company today that offers its employees life insurance coverage is offering ...

Cheap Term Life Insurance Quotes

Finding cheap term life insurance quotes is in the best interest of every person looking to protect his or her family. All risk factors being equal, it's best to pay the least amount possible in monthly premiums. For example, a term policy with a death benefit that pays $100,000 may cost ...

Whole Life Insurance for Dummies

A whole life insurance policy is permanent insurance that is designed to provide coverage for the policyholder’s entire life. As long as he or she pays the premiums as scheduled, a whole life policy will remain in effect until maturity. Maturity is defined as the point at which the ...

Fidelity Life Insurance Company Review

Fidelity Life was established over a century ago during 1896 in Illinois. The company wanted to address the financial security of the middle class in the Midwest and Northern states. Today, the company has nearly $23 billion of life insurance in force, $515 million in assets, and ...

How Does Term Life Insurance Work

Understanding how term life insurance works for young adults is one of the keys to purchasing the right policy. Other than children, young adults in excellent health will always pay the lowest premiums. Young adults who have just married are usually the target market for term life insurance, ...

How to Find the Top Variable Life Policies

Finding the top variable life policies involves understanding the dynamics of the policy. Variable policies, which can have whole life or universal life as the underlying policy, pay a death benefit and build cash value over time. Part of the premium that is paid by the policyholder is ...

The Key to Buying Whole Life Insurance

Whole life insurance is the most popular type of permanent life insurance. As long as the policy owner pays the premiums according to the specifics of the contract, he or she is covered permanently. Like all permanent policies, whole life pays a death benefit and has a cash-building feature. ...

Genworth Life Insurance Company Review

Genworth began as The Life Insurance Company of Virginia, writing their first policy in 1871. They now have over $100 Billion in assets and do business in over twenty five countries around the world. The company still maintains headquarters in Virginia; however it operates in all fifty ...

Family Life Insurance Quotes

Most life insurance companies in the United States sell family life insurance policies that protect entire families. Family life insurance is similar to individual insurance in that it provides a death benefit to the beneficiary upon the death of the insured. But family life insurance covers ...

Online Whole Life Insurance

Searching for online whole life insurance requires an individual understand the basics of whole life insurance. First, whole life insurance is in force for a person's "whole" life. Whole life is permanent life insurance that cannot be cancelled by the insurance company at any ...

Pre Retirement Life Insurance

One rule of thumb for pre-retirement life insurance is to own a policy that protects both income and assets. Younger people who have few assets, or assets on which debt is owed, purchase life insurance primarily for income protection. A young couple with children, a mortgage, car payments ...

West Coast Life Insurance Company Review

West Coast Life Insurance was founded in 1906 and recently combined forces with Protective Life Insurance. The company has lived by what they call the ‘Five Cardinal Principles’: Focus on the customer, continuously improve, empower and trust, concentrate on the long term and the ...

Universal Life Insurance Investment

A universal life insurance investment is part financial product and part insurance product. The premium that is paid to the insurance company each month is split between the cash value account and the cost of providing the insurance. The amount that is applied to each changes over time as ...

Permanent Life Insurance Quotes

When looking for permanent life insurance quotes, it's always best to review as many sources as possible. Quotes can be found easily online or through a local insurance broker. Several websites now provide applicants with access to five or more quotes so they can compare policies. ...

Buy Childrens Whole Life Insurance

Children's whole life insurance policies, sometimes referred to as "juvenile" policies, are best purchased at the earliest age possible. Just like adult whole life insurance, the younger the applicant is at the age of issue, the more likely he or she is to pay a lower premium. ...

Lincoln Life Insurance Company Review

Officially known as the Lincoln National Life Insurance Company, Lincoln Life Insurance is a century-old life insurance company that prides itself on the values of honesty and excellence synonymous with its namesake, President Abraham Lincoln. The Lincoln National Life Insurance ...

Define Term Life Insurance

Term life insurance provides coverage that is in force temporarily. Coverage for the insured lasts only for the length of the term. If the term is defined as 20 years, the policy will pay the death benefit to the beneficiary if the insured dies at any point during the 20 years. However, if ...

Retired Veteran Life Insurance

The United States government has been insuring the lives of servicemen and women since 1917. An amendment to the War Risk Insurance Act of 1914 included a provision that provided an opportunity for servicemen to obtain optional life insurance. As private insurers were reluctant to issue life ...

The Key to Buying Life Insurance

The key to buying life insurance is evaluating the options. Choosing between term and permanent life insurance involves understanding what affects the cost of the premiums paid for the policy. Term life is temporary insurance while permanent insurance is in place for as long as the insured ...

Kansas City Life Insurance Company Review

Formed over a century ago, Kansas City Life Insurance Company operates a number of companies provide a variety of life insurance products in most of the United States. Kansas City Life Insurance Company currently holds an A (excellent) rating from A. M. Best for financial ...

Insurance for the Average Person

Although life insurance is owned by the wealthiest among us, mainly as way to maximize large estates for their heirs, its true purpose is to create an instant estate for the average person who hasn’t had the time to build one. For the average person, this instant estate is the way that ...

Why Buy Universal Over Whole

Although universal life insurance has been around for just a fraction of the time that whole life has existed, it has become a much more popular form of life insurance for people looking for permanent coverage. For people who want absolute guarantees, no risk and lifelong life insurance ...

Rates for Variable Life Insurance

In the highly competitive arena of variable life insurance, the key factors to consider when buying a policy are the premium rates and the rates of return for the policy’s separate accounts.  Both are critical components in the structure of a variable life policy, so it is ...

Old Mutual Life Insurance Company Review

For many Americans who may not have heard of this South African company turned financial services giant, a name like “Old Mutual” might seem like a misnomer. Well, it is, as it’s no longer mutual. However, rest assured Old Mutual Life Insurance is indeed quite old and ...

Universal Life Insurance for Dummies

Universal life insurance policies are fairly new. Unlike temporary term life insurance, universal life insurance is permanent. As long as the policyholder pays the premiums on time, it remains in force until maturity. Maturity occurs when the insurance company that sold the policy pays the ...

What is a Life Insurance Policy

A life insurance policy is a contract that exists between the insured person and an insurance company. The insured pays the insurance company for coverage. In exchange, the insurance company guarantees a payment to a beneficiary upon the insured’s death. Anyone who has dependents ...

Term Insurance Ratings Explained

Term insurance ratings are determined by credit rating agencies. The largest credit rating agencies in the United States are A.M. Best, Fitch, Moody’s Investors Services and Standard and Poor’s. These four agencies rate the overall financial stability and creditworthiness of term ...

North American Life Insurance Company Review

Officially known as North American Company for Life and Health Insurance, North American Life is a Chicago-based insurance carrier with its claims office in Sioux Falls, South Dakota. As part of the Sammons Financial Group which includes Midland National Life Insurance Company, Sammons ...

Why Buy Universal Life

Universal life insurance is permanent life insurance. Universal policies have three separate parts: The premium that is paid to the insurance company by the insured, the death benefit this is paid by the insurance company to the beneficiary upon the death of the insured and the vested amount ...

Life Insurance for the Middle Class American

Recent studies suggest that the middle class American is now very concerned about the financial protection life insurance provides. Hurt by the recent economic downturn, middle class Americans have been purchasing life insurance policies in record numbers. According to experts, this is ...

When and How to Buy Life Insurance

Life insurance represents a contract that exists between the policy owner and the life insurance company. Once the contract is signed, the policy owner agrees to make a payment, known as the premium, to the insurance company at a set time each month, quarter or year. In exchange for ...

Protective Life Insurance Company Review

Although only active in a handful of states, the life insurance companies under the Protective Life Insurance umbrella share a history of growth and innovation. By acting as a brokerage as well as an insurance company in its own right, Protective Life Insurance also offers products from many ...

Insurance for the Family Man

Raising a family today much different, financially, than it was for our parents and, certainly their parents.  To begin with, men and women are waiting longer to get married and even longer to start their families.  Families today face many economic pressures that either ...

Helpful Insurance Advice

Throughout its recent history, life insurance has been a paradox for many people. It’s greatly appreciated when it is needed most, at the death of a breadwinner, and it’s dreaded when it is being contemplated to fill a need. Few consumer products are the object of such a ...

Thoughts on Universal Life Insurance

When universal life insurance debuted in 1982, it quickly became a popular alternative to whole life insurance policies which had been losing favor due to its low yields, high premiums and nontransparent structure.  In the high interest rate environment of the 80’s, consumers were ...

Ameritas Life Insurance Company Review

Ameritas Life Insurance is one of several life insurance companies operated by the Nebraska-based UNIFI Mutual Holding Company. Although the company is nearly 125 years old, it has undergone a significant corporate expansion and makeover in the last decade. UNIFI Mutual Holding ...

Level Term Life Information

Level term life insurance is temporary insurance. Life insurance companies sell level term life because it is a less expensive alternative to permanent whole life and universal life policies. While level term life insurance does not have a cash savings account like a permanent plan, it does ...

Variable Life Insurance for Dummies

Like all permanent life insurance products, variable life has two different parts: The amount of the death benefit paid to the beneficiary or beneficiaries upon the death of the insured, and, the built-up cash value to which all of the earnings are credited while the policy is still in ...

Return-of-Premium Term Life Insurance

Term life insurance tips usually include information about a return-of-premium policy. Comparing a standard term policy to a return of premium policy is one way to ensure that the best possible term policy is in force. One advantage of a standard term life insurance policy is that ...

Zurich Life Insurance Company Review

As one of the largest European-based insurance companies, Zurich life insurance is a major player in the United States insurance market, although most people know the company by a different name. In the United States, the Swiss insurer is primarily not known by the same name as where the ...

Top Whole Life Insurance

The top whole life insurance questions usually revolve around the length of the policy. A whole life policy is a permanent policy that is designed to cover the policyholder for his or her whole life. As long as the premiums are paid as scheduled, a whole life plan remains in effect until it ...

Term Life Insurance for Dummies

Term life insurance is temporary. It provides coverage for a specified amount of time, known as the term. Life insurance companies offer their customers term life because it is less expensive than a permanent life insurance product like whole life. Term life insurance does not have a ...

Whole Life vs Universal Life Insurance

Both whole life and universal life are permanent insurance. Each has the ability to build cash value over time and each pays a death benefit according to the contract. But each also has unique advantages depending on an applicant’s own unique needs. ...

Ohio National Life Insurance Company Review

Officially known as Ohio National Financial Services, Ohio National Life Insurance Company has been an innovative force in the life insurance industry for over a century. While many of its competitors have scaled down on their options, the company continues to offer a full range of life ...

Best Term Life Insurance

The best term life insurance policy is one that most closely meets the insurance needs of the individual and their family.  These needs change over time according to a person’s sex, age, health, family size and health history, tobacco use, and other factors.  Ultimately, term ...

Life Insurance Policy Information

A life insurance policy is a contractual agreement between an insurance carrier and an individual, and in some cases, a couple.  The provider guarantees benefits to be paid in the event of the policy holder’s death.  These benefits are generally tax free, and can be paid to ...

I Need Instant Life Insurance

The need for instant life insurance can arise at any time, and for an entire plethora of reasons.  Sometimes, the reasons can be positive, such as the birth of a child or a wedding.  Sometimes, the reasons are not as pleasant, such as a medical concern or dependent child care ...

ReliaStar Life Insurance Company Review

ReliaStar Life Insurance Company hasn’t been in business for very long. It hasn’t been an independent company for over a decade. It doesn’t even have its own web site. Yet it remains a major life insurance carrier, acting as a member company of the ING Group. Looking just ...

Best Universal Life Insurance Policies

The best universal life insurance policies match the earnings structure and death benefit to the specific needs of the insured and his or her family. Universal policies, which are permanent life insurance policies, can be set up to pay a fixed, variable or indexed return. This means that the ...

Different Life Insurance Needs

Conventional wisdom says that the life insurance needs of young people, especially those under age 30, are met by owning simple term insurance. Young people, whether single or recently married, often need the protection of life insurance yet do not have the cash resources for a more ...

Best Life Insurance Policies

The best life insurance policy for any individual is one that balances the amount of the premium and the amount of money that is paid to the beneficiary upon the death of the policyholder. The best policy for one individual may not be the best policy for another, even if they have similar ...

Liberty Mutual Life Insurance Company Review

As part of one of the largest multi-line insurance companies in the United States, the Boston-based Liberty Mutual Life Insurance company is a relative youngster in the American life insurance market at less than 50 years old. Officially known as “Liberty Life Assurance Company of ...

Guaranteed Whole Life Tips

Whole life insurance is permanent insurance that guarantees a death benefit, remains in force for the “whole” life of the policy owner and builds cash value. The insurance company invests the premium, whether it is paid in installments or as a single one-time payment. The returns ...

How to Find Low Cost Term Insurance

Low cost term insurance is a great way to reduce the cost of life insurance. Finding the lowest term rates depends on the three primary factors that affect the cost of insurance: The length of the term, the amount of the death benefit and the risk factors of the insured. A low cost term ...

Life Insurance for Senior Citizens

It is assumed that only young people with dependents or those with significant assets need to have life insurance. But life insurance for senior citizens is important as well. A senior and his or her beneficiary will benefit from life insurance in several ways. The death benefit provided to ...

Jackson National Life Insurance Company Review

Jackson National Life Insurance is a relative newcomer to the insurance industry, first opening for business in 1961. The small and innovative company drew recognition for an early version of universal life insurance – a ‘flexible premium annuity’ product which was the ...

Life Insurance for Dummies

Life insurance is essentially a contract that exists between the owner of an insurance policy and the company that issues it. The terms of the contract outline the payments the policyholder will make to the insurance company. These payments, whether they are made monthly, quarterly or ...

Different Life Insurance Benefits

Each of the two types of life insurance, term and permanent, has benefits that may be appropriate for those seeking to purchase life insurance. Term life insurance is affordable and straightforward. Permanent life insurance comes in three variations, all of which offer tax-deferred growth, ...

Learn About Term Life Insurance

Three of the most important factors to consider when learning about term life insurance are the types of policies available, how the premiums are determined and how the death benefit will be paid. The best policy for each specific situation will differ among individuals. For example, a young ...

Allianz Life Insurance Company Review

Allianz Life Insurance is a German insurance company with a truly global scope, operating on every continent except Antarctica. Although a relative newcomer to the United States in comparison to other insurance companies, Allianz has nonetheless become a major player in the multi-line ...

Best Insurance Companies Out There

What are the best insurance companies out there? There is no single, definitive answer to that question. Different insurance companies place emphasis on different products. Some are dedicated to their flagship auto insurance lines. Others don't offer auto insurance at all. Determining ...

Life Insurance Comparisons

When considering life insurance comparisons, there are a great deal of differences from company to company. Getting a true feel for what’s out there requires shopping around and consulting with trusted insurance professionals. However the life insurance field in general can be looked ...

Mutual of Omaha Life Insurance Company Review

Although perhaps best known as the title sponsor of the long-running Wild Kingdom television series, one would be hard pressed to find a purer life and health insurance company than Mutual of Omaha Life Insurance. As a company utterly uninterested with the lure of selling such things as auto ...

Travelers Life Insurance Company Review

Although one of the largest and most respected insurance companies in the United States, with offices in all 50 states and overseas, Travelers has not been a life insurance company for several years. Life insurance is available through some of its formerly affiliated companies, ...

What is Whole Life Insurance

Whole life insurance is permanent insurance. It is designed to provide insurance coverage for the life of the insured. Provided premiums are paid according the contract, a whole life insurance policy remains in force until it matures. Maturity most often occurs when the death of the ...

Affordable Life Insurance Policy Tips

In order to find an affordable life insurance policy, the first step is to determine whether a term life insurance policy or a permanent life policy is needed. The second step is to understand the factors that affect the underlying cost of a life insurance policy. Finally, anyone searching ...

Universal Life Insurance Companies

Universal life insurance companies sell universal life insurance, along with other types of permanent and term life insurance. Some insurance companies have been selling universal life for quite some time. For others, universal policies are ...

No Physical Life Insurance

Life insurance coverage invariably involves underwriting. Often time this underwriting involves a physical. But what if one is unable to pass a physical? While such a situation does limit options, it is nonetheless still possible to find ...

Advantages of Whole Life Insurance

Although it can be expensive, the advantages of whole life insurance are often very appealing. With various uses of its cash value mechanism, whole life insurance can do more than just provide ...

American National Life Insurance Company Review

A Texas-based insurance company, American National Life Insurance is part of a wide-ranging insurance venture that writes many different kinds of insurance and operates just about everywhere in the United States, even a little bit ...

Life Insurance Policy

A life insurance policy is a contract between an individual and a life insurance company. In exchange for payments made by the insured individual, the insurance company guarantees to pay a benefit upon the individual’s death. The following are a few of the most common terms to ...

Farmers Life Insurance Company Review

Officially known as Farmers New World Life Insurance Company and part of the international Zurich Financial Services conglomerate, Farmers Life Insurance is the life insurance arm of the multi-line insurer Farmers Insurance Group. Fully integrated with Farmers’ property and casualty ...

Term Life Insurance Definition

Term life insurance is one of the most important and basic products any insurance agent or company can offer. But what is term life insurance, and how does it compare to other insurance options? As one of the most common insurance products, term life insurance is offered by just ...

Family Life Insurance Choices

As a general rule, many insurance professionals recommend that people carry life insurance with a face value equal to at least seven times of their income. However individuals with growing families may need as much as 20 times their own income to adequately protect against the unexpected. ...

GEICO Life Insurance Company Review

With its high-profile ownership and aggressive marketing, GEICO has become a major player in the property and casualty insurance industry in the past decade. However, despite its cavemen and lizards it is not a player in life insurance. As a matter of fact there is no such thing as ...

Whole Life vs Variable Life

Standard whole life insurance is permanent insurance that remains in effect for the entire life of the policyholder. It has a cash value component that builds over time. Part of the premium, whether paid in installments or as one lump sum, is invested. Earnings will grow and compound ...

What is Variable Life Insurance

Like all permanent life insurance products, variable life insurance policies have two separate parts: The death benefit amount that is paid to the beneficiary or beneficiaries when the policyholder dies and the cash account into which the amount earned on the investment are credited while he ...

Universal Life Insurance Policies Explained

Life insurance is most commonly divided into two categories: Term and permanent. A term life insurance policy is temporary. It is purchased for a specific period of time and matures when the payment of premiums stops, the death benefit is paid or if at the end of the term, the insured is ...

How to Buy Term Life Insurance Online

For those in the life insurance market looking to buy term life insurance online, the process can be easy and familiar, but it entails more than just the clicking of a mouse.  Possessing a strong understanding of term life insurance and how it works, what companies provide it and under ...

The Life Insurance FAQ

A life insurance FAQ is often an excellent format to enable life insurance shoppers to educate themselves on what types of life insurance are available, and how to choose accordingly between them.  The life insurance FAQ listed below contains detailed answers to some of the most ...

Nationwide Life Insurance Company Review

Originally a part of the loosely-related Farm Bureau insurance companies, Nationwide has grown to become one of the country’s largest multi-line insurance carriers. Although Nationwide’s roots are in property and casualty lines such as automobile and homeowners insurance, the ...

The Best Life Insurance Quote

The best life insurance quote can be obtained by creating an honest personal financial assessment, and by conducting basic research to determine what policy best meets personal needs, and what company is the best choice to provide the policy.  Sometimes, the best life insurance quote ...

Survivorship Life Insurance

Survivorship life insurance, which is also known as “second to die” insurance, is a specific type of life insurance policy that is primarily used for estate planning purposes. The primary function is to offset taxes due on an estate that passes from a parent to a child or children. A ...

Comparing ROP to Term Life Insurance

The major advantage of standard term life insurance is that it is inexpensive. The disadvantages are that it neither builds cash value nor returns any portion of the premium. The policyholder may pay monthly premiums for 20 years or more and, if alive at the end of the term, feel as if the ...

Whole Life Insurance Policies

Life insurance policies fall into two categories: Term and permanent. Term life insurance policies are purchased for a specified amount of time. The term can range from as few as two to as many as 30 years, depending on the age of the insured. Permanent policies, on the other hand, are ...

Mass Mutual Life Insurance Company Review

Mass Mutual Life Insurance, officially known as Massachusetts Mutual Life Insurance Company and often styled by the company as “MassMutual” (no space), is one of the oldest and largest mutual life insurance companies in the United States. A pioneer in whole life insurance, Mass Mutual has a ...

Life Insurance Agents

Life insurance agents sell life insurance policies that protect the financial well-being of their clients. Their primary responsibility is to match the right type of life insurance product with their clients’ needs. For example, a young couple just starting out might be better suited to an ...

Life Insurance For Children

Life insurance for children, also known as juvenile life insurance, is a policy purchased by an adult to insure the life of a child. The adult, most often a parent, guardian or grandparent, owns the policy until the insured child reaches the age of majority. (The term “age of majority” is ...

Top 10 Life Insurance Companies

There are plenty of good life insurance companies out there. The 10 companies profiled here represent a good cross section of the life insurance industry in the United  States. This list is not intended to be a definitive list of the top 10 life insurance companies, but rather a ...

AIG Life Insurance Company Review

AIG and its subsidiary companies have become, let’s say ‘infamous’ since September 2008. The company itself very adamantly outlines a pre-financial crisis company and a post-financial crisis AIG. They provide a very complete disclosure on the company website about its woes ...

Affordable Life Insurance Policy

Perhaps the single most important question one can ask regarding insurance needs is not whether a term or permanent policy – or a combination of both – is needed, but exactly how much ...

20 Year Term Life Insurance

Although term life insurance is available in a variety of terms, the 20-year term policy is one of the most popular. The term is long enough to satisfy many temporary life insurance needs, yet still short enough to be available to most people. ...

Get Info On Universal Life Policies

Universal life policies are valuable but complex insurance contracts that provide for a death benefit to be paid to a beneficiary in the event of the death of the insured person.  Although life insurance is the primary feature of universal life policies, a secondary feature is a savings ...

Long Term Life Insurance

Long term life insurance is aptly named, as the periods of coverage provided by such policies are for an entire lifetime in most cases, or for very long periods of time, such as 20 or 30 years.  Long term life insurance tends to be more expensive than short term life insurance is ...

Term Life vs. Whole Life

Evaluating term life vs. whole life insurance is like comparing a truck and a car.  Yes, both are automatic vehicles that go from place to place on four wheels. But the real comparison is in what these items do; one’s primary purpose is to carry passengers, and the other’s is to carry ...

Penn Mutual Life Insurance Company Review

One of the oldest mutual life insurance companies in America and with deep roots in arguably the birthplace of the American insurance industry, Philadelphia, Penn Mutual Life Insurance has been a major player in the life insurance field since the mid 1800s. A “life-only” company with no ...

Guide to Buying Whole Life Insurance

In the early days of the modern insurance industry, all life insurance policies were variations of term life. However over time it became apparent that term life insurance had one glaring drawback: people often outlived the term of the policy and had nothing to show for it afterward. Indeed ...

Life Insurance Information

In simplest terms, life insurance is an insurance contract  which pays a pre-determined benefit to a named beneficiary upon the death of the insured. The earliest known form of life insurance dates to Roman times, during which communal societies were founded to pay for final expenses. An ...

The Best Elderly Life Insurance

Elderly life insurance is becoming more and more affordable as medical technology improves and advances are made that allow people to live longer, healthier lives. In fact, with many couples now having children while in their 40’s and even in their 50’s, the definition of what elderly ...

State Farm Life Insurance Company Review

State Farm Insurance Company began business in 1922 in response to mass production automobiles. They became the number one auto insurer within the U.S. in 1942 and have remained that industry leader to this day. Now a mutual company, owned by policyholders, State Farm has accumulated eighty ...

Joint Life Insurance Policy

A joint life insurance policy is in most respects no different than any other life insurance policy. It can a term, whole or universal policy. If it's a permanent policy its cash value can be of a fixed or variable nature. What makes a life insurance policy “joint” is that it has  more ...

Buying Term Life Insurance

What Is Term Life InsuranceTerm life insurance is pretty straightforward. One buys a  policy for a certain face value for a certain amount of time. The term can be as short as one year or as long as 30 years or longer. The premium and face  value of the policy remains ...

Allstate Life Insurance Company Review

Allstate was founded in 1931 and began as part of Sears, Roebuck & Co. The company had the largest initial public offering (IPO) in U.S. history in 1994 and became totally independent one year later. The company headquarters are in Northbrook, IL and now has 14,000 agents and 37,000 ...

Pacific Life Insurance and Financial Ratings

Pacific Life has been providing insurance products since 1868 and the end of the Civil War. They are a well known and are highly visible in North America, noted for the whale in their logo and commercials. AM Best gives Pac Life an ‘A+’ for financial strength, which is a superior ...

What is Cash Value Life Insurance

Cash value life insurance is the value of the cash portion of a whole life insurance policy. Whole life insurance is a type of permanent life insurance. It remains in force for as long as the policy owner is alive and as long as he or she pays the premiums. Unlike term life insurance, which is ...

A Look at AM Best Insurance Ratings

Whether you are purchasing life insurance, health insurance, or annuities for your retirement, researching the credit rating of the insurance carrier you are will use is a critical part of the equation. The financial strength of the insurance company that you are using may be a determining ...

The Top 5 Life Insurance Companies

Each of the top five life insurance companies offers insurance products that are suitable for people of all ages, income levels and insurance needs. Whether a person needs term or permanent life insurance, he or she will be able to find the policy that best suits his or her needs at AXA ...

AXA Equitable Life Insurance Company Review

Since 1859, AXA Equitable has been providing financial protection to families and businesses through insurance and annuities. Formerly ‘The Equitable’, the company now has just over half a $1 Trillion in assets under ...

What is Key Man Life Insurance

Key man life insurance, also known as key executive or key employee insurance, insures an individual without whom a company may not be able to continue. Just as life insurance protects a family from financial catastrophe in the event of the death of the primary breadwinner, key man life ...

John Hancock Life Insurance Company Review

Chartered in 1862, John Hancock Mutual Life Insurance Company began offering insurance and services in Boston, MA. The four founders chose the name John Hancock, Revolutionary War leader and signer of the Declaration of Independence, feeling that name represented integrity and commitment. ...

Monumental Life Insurance Company Review

Monumental Life Insurance Company was founded in Maryland during 1858 and originally offered life and fire insurance. Until 1935 it was known as the Mutual Life Insurance Company of Baltimore, known as the ‘Monumental City’ which inspired the new name. AEGON formed as a holding company in ...

Hartford Life Insurance Company Review

2010 marks the two hundredth year that The Hartford has been offering insurance in the United States. Founded in Hartford, Ct, the original company name was Hartford Fire Insurance Company. Famous clients over the years include Abraham Lincoln, Robert E. Lee, and even ‘Babe’ Ruth. The ...

Aviva Life Insurance Company Overview

Aviva Life Insurance companys heritage traces back to 1696, the year which the fire insurance company was formed in a London coffee house. Another more recognizable iteration, General Accident, went on to insure famous individuals such as Winston Churchill and John F. Kennedy. The company ...

Buying a Life Insurance Policy

Life insurance is a key component of holistic financial planning and one of the most important purchases many families make throughout their lives. Buying life insurance not only provides families with a peace of mind but also the means to achieve the future dreams of all family ...

Prudential Life Insurance Company Review

Established in 1875, Prudential is now among the industry leaders in insurance and asset management. Operating out of a headquarters in Newark, New Jersey, Prudential and Prudential Life Insurance now handle $667 billion in assets under management. Standard and Poor's rates them at AA- ...

Term Life Insurance Costs

Many people searching for life insurance find that selecting a term insurance policy  is the best option for reducing the cost of life insurance. Finding the best term rate will depend on two primary factors: The number of years selected for the term, which is also known as the length of ...

Exploring Your Life Insurance Options

Two of the most important criteria for evaluating life insurance options are choosing between term and permanent insurance and understanding the factors  that affect the cost of the policy. Term insurance is temporary while permanent insurance lasts for the life of the insured. With ...

ING Life Insurance

Since forming as a result of the merger between Nationale-Nederlanden and NMB Postbank Group in 1991, the ING Group has aggressively pursued a policy of perpetual growth. Through a combination of acquisitions, buyouts and savvy financial management, ING, in less than 20 years of existence ...

Who Needs Life Insurance

Anyone with financial dependents needs life insurance. Life insurance was created to protect families from financial hardship in the event that the primary earner died. Over the years, as more and more families require two incomes to meet their monthly expenses, life insurance is imperative for ...

Senior Term Life Insurance

Many people assume that term life insurance is best suited for young families with children. Term insurance, however, can also be a good choice for seniors aged  55 and over. A term policy, which is in force for a set period of time, is inexpensive and uncomplicated. The term can be for as ...

Term Life Insurance Online

Today, term life insurance is one of the best consumer buys. It can be purchased online in a matter of minutes. This capability is a triumph of modern technology. The fact that we are able to buy term life insurance online with lightning speed doesn’t necessarily make  ...

Metlife Life Insurance

Thanks to the presence of its blimp at many sporting events and its incorporation of Snoopy from The Peanuts comic strip into its advertising campaigns, Met Life has become the most recognizable life insurance company in the United States. But Met Life is no Johnny-come-lately. ...

Whole Life Insurance Advice

Whole  life insurance, which is permanent insurance that remains in force for the  entire life of the insured, has a cash value component. Part of the premium,  regardless of whether is it paid in installments or as a single lump sum, is  invested. Earnings grow tax-deferred ...

What is Universal Life Insurance

Universal life insurance is a relatively new type of policy. Unlike term life insurance, which is temporary, universal life insurance is permanent. As long as the premiums are paid, the policy remains in force until it matures. The policy matures when the insurance company pays the death ...

What is ROP Life Insurance

ROP (Return-of-Premium) life insurance is term insurance that returns either a  portion or all of the premiums paid at the end of the term if the insured is  alive. For many people the primary benefit of a standard term policy is that it  is not expensive. However, it doesn’t ...

What is Variable Life Insurance

Like all permanent life products, a variable life insurance policy has two separate and distinct parts: The death benefit value that is paid to the beneficiary  upon the death of the policyholder, and, the cash value to which returns and  interest earned are credited while the ...

Low Cost Term Insurance

There may be a perception among people on a fixed income or with a limited budget that life insurance is a luxury that is only available to the wealthy. But that perception would be wrong on several counts. The most prominent of them being the fact that affordable, low-cost term life insurance ...

Term Vs Whole Life Insurance

No one is really sure when it started but it seems as though the debate about which type of life insurance is best—whole or term—has raged since the creation of insurance itself. Each has their passionate adherents and they make valid points in their defense. So who is right, ...

How to Find Affordable Life Insurance

Shopping around for affordable life insurance can be a daunting task. It is one of the most important decisions a person will make as it could have a significant impact on the financial well-being of the beneficiaries. Obviously, it’s not a decision to be made lightly because of its ...

Term or Whole Life Insurance

There is an important choice to be made for families seeking the protection of life insurance. The decision is whether to purchase term life insurance or whole life insurance. First, it is important to understand the similarities and differences between the two. ...

Life Insurance Company Ratings

When investors make the decision to put their money into a life insurance policy or an annuity, they look at a variety of factors to help them decide which insurance company can best meet their needs. For example, they might consider the types of products the company has available, the hard ...

Low Cost Life Insurance

Life insurance provides many necessary benefits, and it is an integral part of a solid financial plan. In the event of a person’s death, a life insurance policy can provide benefits such as covering funeral and final expenses, paying off a mortgage, making up for lost income, or funding a ...

No Medical Exam Life Insurance

One of the first things you need to understand about life insurance is that the entire premise is based on probability and statistics. There is a reason why insurance companies charge less premiums to younger people than do for older people and it is that they are less likely to have to pay out ...

Life Insurance: Why Do I Need So Much

If you have recently discussed your family’s life insurance needs with a financial planner, you may have left the meeting staggered at the amount of insurance they have recommended and be wondering, “Why do I need so much?” That would be a great question for your financial professional, ...

How to Find Life Insurance for Elderly

While most expect young people with dependents or significant assets to acquire life insurance, they don’t always see the need for life insurance for the elderly. However, an elderly person, and his or her beneficiary, can benefit from a life insurance policy in many ways. The death benefit ...

Finding the Best Term Life Insurance Rate

For many families, term life insurance is a cost effective way to provide financial protection and stability. To find the best term life insurance rate, first identify the length of the term, or the number of years the policy needs to be in force. Next, determine the value, or death benefit, ...

Annual Renewable Term Life Insurance

Annual Renewable Term Life Insurance, or ART, is a special type of term insurance. Essentially, the policy owner is buying a one year term policy every year. At the anniversary date, a premium is paid and another one year term policy goes into effect.Though the fundamentals of this type ...

Aviva Life Insurance Company Review

Aviva Life Insurance is a division of Aviva Plc. The company is a British insurance group that is the fifth largest insurance company in the world. It is the largest insurance group in the UK. The company began more than 300 years ago. It currently does business in more than 28 countries. ...

Getting to Know Universal Life Insurance

Universal life insurance is a flexible version of whole life insurance or permanent insurance. What makes this type of policy attractive is that unlike traditional versions of whole life, universal life insurance lets the policy holder change options during the policy term. Many of the ...

New York Life Insurance Company Review

New York Life Insurance Company has been a staple in the insurance and annuity industry for one hundred and sixty years. Further, they have led the insurance world by taking a number of first steps in the financial services to Americans. For example, New York Life Insurance paid the first ...

MetLife Insurance Company Review

MetLife was founded in New York City in 1863 to insure Civil War soldiers against disabilities due to war. Some years later, the company survived to become a dedicated life insurer. Keeping the focus on industrial and working class people kept MetLife strong through more than one ...

Term Insurance Rates

Term life insurance has long enjoyed a deserved reputation as the lowest-priced form of life insurance. That reputation has been enhanced over the last decade by a veritable price war among carriers. Term insurance rates have fallen to what appear to be rock-bottom levels – although ...

Elderly Life Insurance

Age and mortality are two subjects that go together. Similarly, life insurance and mortality go together. Transitive logic would seem to suggest a connection between age and life insurance. Advanced age can contribute to both the acquisition of ...

Discount Term Life Insurance

Term insurance is the original and most basic form of life insurance. It is also considered the most affordable of all types of life insurance. There are several types of term insurance and the premium rate differences between them help explain ...

Life Insurance No Medical

Because life-insurance companies assume the mortality risk of the lives they insure, they often request that applicants undergo a medical exam. The purpose of the exam is to uncover health threats that were heretofore undetected, hence not present in medical records.It has become ...

Decreasing Term Life Insurance

Decreasing term life insurance is intended to fulfill an insurance need that decreases over time in a predictable, systematic way. The face value of the policy – the death benefit received by the beneficiary(ies) of the policy – gets progressively smaller over time. Finally, it disappears ...

Life Insurance Company Rating

The essence of insurance – life insurance or any other form - is the substitution of cost for risk. Individuals transfer risks to insurance companies, who assume risks by contractually agreeing to make contingent payments to individuals or their heirs. The value of insurance contracts depends ...

Cash Value Life Insurance

In cash value life insurance, part of the insurance premium is allocated to an investment account that accrues a cash value. Thus, cash value insurance has a dual purpose – first, life-insurance protection and second, attainment of an investment rate of return. ...

Whole Life vs Term Life

Comparisons between term life insurance and whole life insurance began as soon as whole life was invented. Term insurance was the original form of life insurance. The insurance contract, or policy, has a specified, limited duration. The premium rate paid by the policyholder closely tracks the ...

Senior Life Insurance

The category of senior life insurance refers to life insurance designed for and purchased by people whose age exceeds a certain threshold level. The specification of that level is mostly arbitrary. Years ago, seniority was defined as having passed 65 years of age – the age at which most ...

How to Purchase Life Insurance

Life insurance is the orthodox solution to the financial problem posed by the risk of unexpected, premature death. By entering into a contract requiring an insurance company to compensate a named beneficiary or beneficiaries in the event of his death, an insured individual can transfer risk ...

30 Year Term Life Insurance

30 year term life insurance is a form of temporary life insurance that lasts 30 years. Its features and benefits can be compared and contrasted with those of permanent life insurance, on the one hand, and those of shorter-duration term life insurance policies on the other. ...

Guaranteed Life Insurance

Some insurance companies offer life insurance policies without requiring the applicant to verify his or her insurability by taking a medical exam or even answer questions about medical status. These policies are called guaranteed issue or guaranteed acceptance life insurance. The various types ...

Level Term Life Insurance

Level term life insurance is the most popular variant of term insurance. Term insurance is the oldest and least expensive form of life insurance. Like other forms, it provides a tax-free death benefit to one or more beneficiaries upon the death of the insured. Its most basic form is called ...

Return of Premium Term Life Insurance

A return of premium term life insurance policy is an insurance contract in which the policyholder(s) will receive the aggregate value of all premiums paid at the end of the contract’s term, provided the insured does not die and the policy remains in force. Return of premium life insurance ...

Indexed Universal Life Insurance

Indexed universal life insurance is permanent life insurance that possesses the same features as universal life insurance but adds one additional feature – the investment performance within the cash account is tied to a financial index. Most often, the index will be based on equity ...

Whole Term Life Insurance

As the name implies, whole term life insurance is an insurance contract designed to remain in force for the whole life of the insured. It is the most basic form of permanent insurance. In addition to its guaranteed death benefit, whole life offers level lifetime premiums and a cash value that ...

Supplemental Life Insurance

Supplemental life insurance is additional insurance bought by a current policyholder. The purpose in acquiring additional insurance is to increase coverage, either because the insurance need has increased or because it has changed in scope. Supplemental life insurance will often be purchased ...

Universal Life Insurance Definition

Universal life insurance is a form of permanent insurance that evolved out of the experience with whole-life insurance. The defining features of universal life insurance are flexibility of premiums and the death benefit. Most of this flexibility derives from the policyholder’s ability to use ...

High Risk Life Insurance

Insurance is the practice of substituting cost for risk. This suggests that it is possible to insure almost any risk if sufficient cost is incurred. This is the underlying principle behind High Risk Life Insurance. People who engage in high-risk activities – whether as a vocation or avocation ...

What Is Term Life Insurance

Life insurance is provided by insurance companies to individuals who have a life insurance need. That need exists when the individual’s untimely death would cause significant financial hardship to others. The life insurance contract, or policy, guarantees that benefits lost due to the ...

Difference Between Term and Whole Life Insurance

Of the half-dozen major types of life insurance, the two oldest and most popular are term and whole life insurance. These two represent the two approaches or schools of thought in dealing with mortality risk. Understanding the difference between term and whole life insurance is vital to ...