Types of Life Insurance

Pros and Cons of Guaranteed Universal Life Insurance

A GUL policy secures permanent coverage but without the high cost and complexity that comes with regular universal life insurance. They are a nice middle ground between universal and term life insurance...
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Multiple Life Insurance Policies for the Same Person

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...
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20-Year vs 30-Year Term Life Insurance

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....
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10 Year vs. 20 Year Term Life Insurance

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...
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Final Expense Life Insurance

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....
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Types of Term Life Insurance: Which is Right for You?

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....
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