Life Insurance

December 16, 2020

6 Life Insurance Settlement Options You Should Know Life Insurance , Life Settlements

Life insurance settlement options are notoriously confusing, particularly when you try to compare them. Evaluating a lump-sum payment relative to an annuity, for example, can feel like an "apples-to-oranges" comparison unless you are a trained statistician. Thankfully, you don't need a knack for num...

November 25, 2020

Why Advisors Shouldn’t Neglect Life Insurance as an Asset Class Life Insurance , Other

As a financial advisor, you tackle the full range of financial situations. You might have one client who's working to make up for a late start on retirement savings and another who's tapped out allowed annual 401(k) contributions and needs another tax-deferred account for long-term savings. Both of ...

November 19, 2020

Can Life Insurance Agents Perform Life Settlements? Life Insurance , Life Settlements

If you are a life insurance agent, you're likely to be an early point of contact for the senior who's considering letting go of his or her life insurance policy. The logical questions you might receive are, "What are my options?" and "How much can I get if I surrender this coverage?" Those questions...

September 22, 2020

New Survey Finds Knowledge Gaps May Be Costing Life Insurance Policyholders Life Insurance , Retirement

More than two-thirds (70%) of Americans carry life insurance. Many of these policyholders are motivated by what life insurance policies do best: securing financial protections for surviving family members. But the life insurance industry has gotten increasingly complex over the last several decades....

August 28, 2020

How Does Mortgage Protection Life Insurance Work? Life Insurance

Purchasing your first home is one of life's major milestones -- right up there with graduating from college or getting your first real job. And as with those other big life moves, the home purchase comes with a host of decisions to make. One of those decisions is whether to sign up for the mortgage ...

August 3, 2020

What is Variable Universal Life Insurance? 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 ...

July 20, 2020

Is Life Insurance a Liquid Asset? Life Insurance

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,...

June 25, 2020

What is Decreasing Term Life Insurance? Life Insurance

Decreasing term life insurance features term coverage that reduces in benefits over the life of the policy. The policy’s payout continues to decrease until the end of the designated coverage period, or the policy pays out. ...

June 18, 2020

Do I Need Supplemental Insurance if I Have Medicare? Life Insurance , Senior Care

Medicare is a healthcare safety net for seniors in the U.S. The federally run program provides free hospital insurance and low-cost medical insurance for qualified seniors over the age of 65. But like all safety nets, Medicare has a few holes -- more practically known as gaps in coverage. Depending ...

June 17, 2020

What Is Variable Life Insurance? 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...