When Must Insurable Interest Exist in a Life Insurance Policy
Death is something you cannot escape in life. The worst part about it is that you cannot predict when yours is coming for you. As a result, taking a...
When to Cash in Whole Life Insurance Policy
Whole life insurance is expensive than the term life insurance, but it comes with so many benefits that make it worthy. One of them is the ability to have...
What Does Life Insurance Blood Test Look For
What are the risks of insuring a specific person? The only way an insurance company can know that it is through medical exams and a blood test is one...
Life Insurance Beneficiary Rules for Spouse
Do you want to take a life insurance policy and you are couples? Are you worried about the rules of a beneficiary for a spouse? Are you wondering what...
How Much Life Insurance Do Seniors Need?
Life insurance is something that most seniors purchase to help their loved ones avoid any financial hardships they might leave after they pass away. According to life insurance statistics...
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...