When buying pricey things, you typically finance it or pay with cash. This happens with big purchases – like buying a car or home. The same thing can happen with life insurance. The majority of people pay their life insurance premium either monthly or annually. However, you also have the option to buy it with …
Have you heard about cash value life insurance? What does cash value of life insurance mean? Is it good, bad — or maybe both? Today, we’re going to educate you on everything related to life insurance cash values. By the end of this article you should have an idea if a life insurance cash value …
There’s a popular philosophy that you may have heard of. It’s called “Buy Term And Invest The Difference” and there are many financial professionals who promote it. On the other side of the coin, there’s a philosophy of buying permanent life insurance that will build cash value. Which philosophy is better? Which strategy is best …
Term life insurance is temporary coverage that usually lasts between 10 – 30 years. With a term life insurance conversion option, shoppers can convert their term policy to a permanent policy. In this post, we’ll go over everything you’ll need to know about converting term to whole life insurance. PROS You’re able to transition from …
It sure would be great if you could return your life insurance policy and get a full refund just like when you buy some shoes or a TV. Unfortunately, you can’t – but you can opt for a return of premium life insurance policy! Return of premium term life insurance provides shoppers the ability to …
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