Types of Life Insurance

This is the most basic advantage. If you have one policy for $200,000, and you have a second policy for $200,000, you have $400,000 in life insurance coverage. For most people, having more life insurance is an outstanding idea. In fact…

Whether you decide on a 20-year term or a 30-year, both policies are basic term life insurance plans. That means that they are pure life insurance. Unlike whole life insurance, you’re not paying for both life insurance and an investment provision. For this reason, whether you choose a 20-year policy, or a 30-year one, you will pay only a fraction of the premium that you will for a….

Let’s do an analysis of 10-year vs. 20-year term life insurance, and see if we can sort this out. The answer will depend mostly on your own personal circumstances, but there are some general factors that you should take into consideration when making the…

No health questions asked. Everyone is approved. Get instant coverage up to $50,000 to protect your loved ones even if you have been turned down elsewhere.

Before you buy a policy, make sure you calculate how much your funeral will cot to ensure you get enough coverage to protect your family. The average funeral in 2015 costs between $8,000 and $12,000 so it may be wise to get a policy for at least $15,000 in coverage. You may also want additional coverage to help….

There are several types of term life insurance options to choose from, each designed for different needs. The following are the most common types of term policies you can choose from….