Life Insurance

More in Life Insurance

Is Mortgage Insurance Better Than Life Insurance to Pay Off a Mortgage Upon Death?

The loss of income due to a premature death can have devastating effects on your family's financial situation. Your surviving spouse or heirs may not be able to maintain the ongoing mortgage payments, and the only solution may be to sell the home before the bank forecloses. ...

Can I Get a Life Insurance Policy on My Domestic Partner?

Although there is no legal requirement for employers to provide domestic partnership benefits, more insurance companies are changing their policies to better represent changing household demographics. According to the 2010 U.S. census, 7.7 million Americans are living with an ...

Are There Benefits to Mortgage Life Insurance for Over 50?

Most financial advisers recommend against purchasing mortgage life insurance at any age, unless you can't get a term life insurance policy or the policy premiums are unaffordable. Unlike term life insurance that maintains its value throughout the policy period, the value of a ...

Variable Annuity & Guaranteed Withdrawal Benefits

Variable annuities are life insurance contracts that provide you with the potential for growth and an eventual income source. Contract terms typically range from five to 10 years, and these annuity products are illiquid, with significant surrender penalties. Like most ...

How to Make My Own Pension Annuities

Traditional employer-sponsored defined benefit pension plans often take the form of annuities. Funds are deposited into the account for a number of years before the plan converts a lump sum into an income stream. In the absence of an employer-based plan, you can create your own ...

What Does a Guaranteed Insurance Rider Do?

You can add a guaranteed insurability rider to a life or disability insurance policy. The rider ensures that you will be able to buy larger amounts of insurance in the future as your need for coverage increases. Your health outlook may the deciding factor whether to include and ...

Does Term Life Insurance Typically Have a Surrender Value?

The relative virtues of term and permanent life insurance are a matter of constant debate in the financial industry. Whole life, variable life and universal life policies can be used creatively to meet many financial needs, building cash values that can become a significant ...

Do I Have to Pay Income Tax on Life Insurance Payouts?

Life insurance is designed to provide a safety net for your loved ones when you die, a cushion upon which they can continue to lead normal lives without your income. While that can be a piece of solid financial planning, it can also leave families with a few nagging questions ...

Who Needs a 10-Year Term Life Insurance Policy?

Insurance is designed to protect your assets if a covered event occurs. Auto insurance protects you if you're involved with a car wreck, homeowners insurance protects you if your house catches fire, health insurance protects you if you get sick and, ironically, life insurance ...

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