August 3, 2020

What is Variable Universal Life Insurance?

Your financial advisor -- or maybe a neighbor who sells insurance -- may have pitched you on a variable universal life insurance policy. You have questions, and rightfully so. Variable universal life, also known as VUL, is a complex product that isn't right for everyone. Here's a closer look at VUL ...
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July 20, 2020

Is Life Insurance a Liquid Asset?

If you’re nearing retirement and wondering if there’s any way to stop working earlier, or if you’re currently retired and want to ensure you have enough money to live comfortably — it’s important to take a close look at your finances to see if you have any liquid assets. With this in mind,...
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June 17, 2020

What Is Variable Life Insurance?

A variable life insurance policy is a type of permanent life insurance. A permanent life insurance policy covers a policyholder for the entirety of their life so long as premiums are paid. This type of policy is perfect for people who are looking for cash value, investment variety, flexible premiums...
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May 14, 2020

What Is a Life Insurance Beneficiary?

You could argue that life insurance means nothing without the beneficiary. Sure, it's the policyowner who initiates the coverage and pays the premiums. But assuming that the insured doesn't let the insurance lapse or sell it in a life settlement, the beneficiary is the one who ultimately benefits fr...
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May 11, 2020

What is Permanent Life Insurance?

As the name implies, permanent life insurance covers you for a lifetime. As long as you continue paying the premiums, the insurer cannot cancel your policy. In addition to paying a death benefit, permanent life insurance policies also include a savings component through which your policy can build c...
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May 4, 2020

What is a Return of Premium Life Insurance Policy?

A Return of Premium (ROP) life insurance policy guarantees a full or partial refund of the premiums you pay if you outlive the stated term of the policy. This feature is typically added as a rider to a traditional term life policy that has a 20- or 30- year term. Some ROP policies return only the ba...
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