Category Archives: Basic Life Insurance Facts

How Does Universal Life Insurance Work

how does universal life insurance work

How Does Universal Life Insurance Work? How does universal life insurance work, pros and cons will be discussed here! Universal life is sort of a hybrid between whole life and term life. According to some agents you get the best of both worlds when you enroll in universal life insurance. You get the lower premiums than whole life and also build some cash value, which you do not get with term life insurance. Your face amount or […]

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Do You Need A Life Insurance Policy?

One question that’s asked by nearly everyone eventually is “should I get a life insurance policy?”. Life insurance pays out a benefit when the person insured dies during the time that the policy is in force. It can provide the cash needed to pay for burial, pay off mortgages and loans and give your family a financial cushion while they get back on their feet. When you’re young or have little discretionary income, it’s easy to tell […]

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Life Insurance – How Much Do You Need?

Insurance is the means that an individual or a family can use in order to help them prepare against the emergencies of life. Life insurance is the form of this preparation that helps in the worst emergency the death of a loved one. This could be for anyone in the family, or for the main breadwinner. Because so many things can happen to people, mostly unexpected, we want to be ready in the event that it does […]

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Overview And History Of Life Insurance

Life insurance is a subject that brings on many different opinions. While some believe it is a waste of money or even considered gambling, most people understand that life insurance is primarily used to ensure that your family or beneficiary is well taken care of upon your death. Life insurance also ensures that your family will be able to take care of your burial and funeral expenses. While there are many different types of policies as far […]

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Understanding The Different Types Of Life Insurance

There are may companies providing life insurance services; you can get most of the information you need from insurance brokers, financial advisers who work for insurance companies, employees of insurance companies, and other sources. Much of the information you receive, however, will be in general terms or will focus more on sales talk aimed at getting you to purchase life insurance from the person you are talking to. The truth is that there are many different types […]

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Why Is Life Insurance Important?

There are many things in life that the average household can live without, but life insurance should not be one of those things. The importance of life insurance increases as the number of people in a household increases. A single person with few, if any, close relations can get by on a very little life insurance or perhaps no insurance at all. The same cannot be said for persons who have family members or other types of […]

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