Standard vs. Hybrid Life Insurance: Which Is Better?

Posted: October 22, 2021

Standard life insurance has a single purpose – to provide death benefits to your beneficiaries. Hybrid life insurance combines long-term care insurance and life insurance in a single policy. If you become disabled and unable to live independently, it covers the costs of your care, at home or in a facility. It will not cover medical expenses, such as doctor visits, surgical procedures, or prescription...

Don’t Let These Common Myths Scare You Away from Life Insurance

Posted: October 7, 2021

Most people need life insurance. Not having it could be devastating to your family’s financial future in case the worst should happen. Life insurance is a complex, frequently misunderstood subject, surrounded by a multitude of myths. These myths can be dangerous if they scare you away from purchasing the life insurance coverage you need. Common Life Insurance Myths Debunked If You Are Young and Single,...

Nontraditional Life Insurance Plans You Should Know About

Posted: September 22, 2021

Traditional life insurance is low risk and offers guaranteed maturity returns to policyholders. Nontraditional life insurance combines investment and insurance in a single policy. These plans invest in the market and have the potential to earn higher returns because of their higher-risk nature. If you have not been able to obtain traditional life insurance, you should know about these nontraditional life insurance plans. Graded Life...

3 Types of Living Benefits for Life Insurance

Posted: September 7, 2021

Life insurance is mainly designed to pay out death benefits to beneficiaries. But some life insurance policies also provide living benefits for policyholders. The following are three types of life insurance living benefits. Accelerated Death Benefits Most life insurance policies contain a provision known as Accelerated Death Benefit (ADB). It allows the policyholder to receive a portion of the life insurance money while he or...

Starting a Family? Consider These Types of Life Insurance

Posted: August 22, 2021

When you have children, it is more important than ever to have life insurance. You want to provide for them in case something should happen to you. Death benefits from a life insurance policy could cover the mortgage payments, pay for your child’s college education, and help support your family.  What Are the Different Types of Life Insurance? The two main types of life insurance...