March 26, 2020

How Do Life Insurance Payouts Work?

Most people don’t think about how life insurance payouts work unless they’re filing a life insurance claim. If you’re in that situation right now, we feel for you. To make this difficult time a little easier, we’ve put together the information below to help you understand how the process wor...
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March 16, 2020

What Is Term Life Insurance and Can I Sell It?

Term life insurance, also known as pure life insurance, provides coverage during a specified length of time and guarantees the payment of a death benefit during that period. The shortest term policy available is for one year, and you can typically buy policies with terms that last up to 30 years, or...
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March 11, 2020

What is an Accelerated Death Benefit?

Accelerated death benefits are life insurance policy riders or provisions that can be added to your insurance and allows you to access death benefits while you’re still alive. The accelerated death benefit is common and can often be included in your policy at no additional cost....
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March 10, 2020

What Is Universal Life Insurance?

Universal life policies are a great coverage option that also allows you to plan for retirement if utilized properly. Although the various forms can be confusing, we’ve broken down everything you need to know about this type of policy in our comprehensive guide....
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February 26, 2020

What Is a Modified Endowment Contract?

A modified endowment contract (MEC) is an overfunded cash value life insurance policy that has more restrictive tax rules than standard life insurance. The MEC came into being in the late 1980s, when the IRS moved to close a tax loophole involving permanent life policies....
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February 13, 2020

Cash Value Life Insurance: Part Insurance, Part Investment

Try calling up your auto insurance provider and asking for a loan. You'll likely get a big chuckle in response. That's because your car -- and home and health -- insurers are only in the business of paying on claims. Cash value life insurance, on the other hand, allows you as policyholder to benefit...
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January 6, 2020

What are the Living Benefits of Life Insurance?

Most people think the benefits of life insurance only occur after someone passes away, but many policies also carry benefits that can be utilized throughout the policyholder’s life. In fact, your policy may include cash options you aren’t aware of that can provide financial assistance or relief....
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