What is Life Insurance Surrender Charge and How to Avoid?
So much has changed in the life insurance industry and how everything is done. Many companies have tried as much as possible to diversify their services. The main goal...
The Cut-off Age for Whole Life Insurance
If you are wondering whether insurance companies have a cut-off age on whole life policies, the answer is yes. A cut-off age refers to a maximum number of years...
Life Insurance Imputed Income
Life insurance imputed income is a commonly used phrase. However, very few people understand what it means. For your information, it describes the value of benefit or service that...
When and Why Does a Life Insurance Policy Lapse?
Life insurance policies secure your beneficiaries future by compensating them in the event of your death. Most insurance companies offer two types of life insurance; whole life policies and...
What is a Joint Life Insurance?
The traditional, life insurance covered the primary breadwinner. But, the increase in the number of couples that are in gainful employment necessitated for cover for couples. This is where...
Borrowing Against Life Insurance Cash Value
We all know that life insurance has originally emerged to offer many benefits for the beneficiary’s right after the insured’s death. However, this is no longer the only service...
Complete Life Insurance Claim Process
Life insurance is a contract signed between an insurer and a policyholder wherein the latter promises to pay a fixed amount of money on a monthly basis to the...
How to Use Life Insurance to Pay Off Your Mortgage?
A mortgage is a long-standing commitment, and it doesn’t die with you. If you pass on before it is paid off, someone has to take up the responsibility of...
Health Questions Asked for Life Insurance
Applying for a life insurance plan is recommended to individuals of all ages. As you grow older, the eligibility criteria for getting a life insurance policy become more stringent....
Do You Need A Social Security Number To Get Life Insurance?
Do I need a Social Security Number to get life insurance? This is one of the most frequently asked questions. It is relevant to immigrants who haven’t got an...