Life Insurance Archives

Life Insurance

Supplemental Life Insurance vs. AD&D – Which is Better?

We covered a lot of ground in our main article on accidental death insurance versus life insurance. Reading that will give you the basics. Here we’ll compare supplemental life insurance vs. AD&D. These are slightly different in that we’re assuming you already have a life insurance policy. We will examine getting supplemental policies on top…

what is voluntary accidental death and dismemberment

What is Voluntary AD&D (Accidental Death & Dismemberment)?

This article covers what a voluntary AD&D policy is, how it’s different from traditional accidental death insurance, subtypes of policies, differences vs workers comp, pros & cons, and, finally, whether or not it’s a good idea. For a comprehensive article on traditional accidental death and dismemberment insurance, click here. Okay, let’s go. Quick Summary Employers…

Whole Life Insurance Definitive Guide for 2022

By the end of this article, you will have a strong foundation for a complete understanding of whole life insurance, including: How it works When it’s useful What is cash value Pros & cons Comparisons to term and other permanent insurance Because it’s a broad topic, and there’s a lot to cover, there are links…

How Do Life Insurance Quotes Work?

Life insurance quotes seem straightforward. First, you enter the amount and type of insurance you want, then the software gives you premiums. There are several other factors involved, like health and the different underwriting guidelines between companies. Companies do not underwrite their policies equally, opening up strategies to save you time and money. Quick Summary All…

How to Escape the Retirement Tax Trap

Retirement planning poses risks that nobody can anticipate – even if they are diligent about building wealth. Taxes will likely be your biggest expense in retirement. It’s important to build wealth in tax-free options while you are accumulating money. This allows you to take the money out tax-free in retirement. We will explore the tax…

ultimate guide to single premium life insurance

Single Premium Life Insurance – Everything You Need to Know

Single premium life insurance offers a policy with guaranteed death benefits for a one-time payment. You pay a single lump sum upfront, then never have to worry about it again. Quick Summary Single premium life insurance (SPL) provides living benefits, like funds for long term care, as well as a guaranteed death benefit to your…

Indexed Universal Life Insurance Quotes

Indexed universal life insurance quotes are a little different than typical insurance quotes. A typical life insurance quote involves paying the lowest price for the largest amount of insurance. When we use an indexed universal life or IUL policy for maximum tax-free income, we want the least amount of insurance for the premium paid. In…

Term Life Insurance – The Complete Definitive Guide

Term life insurance offers coverage for a specific number of years. The time limit allows insurers to offer policies for much less than the price of permanent life insurance. It’s one of the best ways to save money on life insurance. It is increasingly popular with working parents to cover things like mortgages, working years,…

Guaranteed Universal Life Insurance (Definitive Guide)

Guaranteed universal life insurance balances a term policy’s affordability with the comprehensive coverage of a permanent policy. It’s a blend of features that delivers the best parts of both policies. In this article, we will use the term guaranteed universal life or GUL. Still, there are a few other common names for this type of…

Life Insurance for Children (A Look at the 4 Best Policies)

Buying life insurance for children is just one of the many ways you can give your child a financially sound future. One of the biggest benefits is that there is an incredible variety of policies offered by many insurance companies. Most of these can fit any family’s budget. Buying a life insurance policy for…