Category Archives: Life Insurance Basics

How Life Insurance Payouts Work

Life insurance payouts (also known as death benefits) are funds paid to your loved ones if you die while your life insurance policy is in force. Your beneficiaries must file a claim and provide a death certificate to the insurer, who will then review the information and issue benefits if everything is in order. While [...] Continue Reading

Life Insurance 101: Top answers for frequently asked questions

Life Insurance Frequently Asked Questions Don't see an answer to your specific life insurance 101 question? You can browse our articles by category. View our Life Insurance Categories Life Insurance Reviews High Risk Life Insurance Life Insurance 101 What is term life insurance? Term life insurance is temporary coverage that lasts for the specific period [...] Continue Reading

How Much Does a Funeral Cost in 2020?

The following article helps break down the many expenses associated with a funeral or burial, as well as provide some recommendations on how to prepare for the financial costs that come when saying goodbye to a loved one. One of the main points we will address is that a great way to provide your family [...] Continue Reading

What Is Life Insurance and How Does It Work?

At its core, investing in life insurance is an act of love. Doing so helps ensure your death doesn't bring a financial loss on top of the emotional loss. People who buy life insurance want to take care of their loved ones even in the worst-case scenario. When you’re ready to shop for life insurance, [...] Continue Reading

Best Life Insurance Rates by Age: Term, Permanent and No Exam

Lots of people put off getting life insurance due to cost but protecting your assets doesn’t have to turn your pockets out. Two-thirds of Americans overestimate life insurance rates by hundreds of dollars or more. Since nearly as many (64%) cite finances as the reason they don’t have coverage,1 we think it’s time to bust [...] Continue Reading

What is Whole Life Insurance?

Whole life insurance is a life insurance policy that covers an insured individual when they die—whether at age 18 or 98. Whole life insurance typically comes with two components: a life insurance component and an investment component that gains value over time (called a cash value). We’ll get into more detail on that later. What’s [...] Continue Reading

What is Term Life Insurance?

Here’s the quick answer: Term life insurance is an insurance policy that gives your family—or any other beneficiary—money if you die within a specified timeframe (known as a term). Term life policies are typically the least expensive, least complicated type of life insurance you can buy, making them an easy way to protect your loved [...] Continue Reading

What is an Incontestability Clause? [A Complete Guide]

An incontestability clause is a protection for life insurance policies in which a claim cannot be denied by a life insurance company, regardless of any false claims or omissions by the insured. Usually, the incontestability clause takes effect after a life insurance policy has been in force for two years. This two-year period is known as [...] Continue Reading

What is Modified Whole Life Insurance?

Over the years, consumers have been faced with the difficult decision of cheaper term life insurance that’s likely to expire before you pass away or higher initial premium whole life insurance that lasts until you die. One potential life insurance policy solution, modified whole life insurance, provides lower initial premiums for a set period of [...] Continue Reading

10 Best Companies for Accelerated Underwriting Life Insurance

The following article discusses the current companies at the top of the class when it comes to innovative online life insurance solutions for 2017 and beyond, as well as point out some of the key trends that are changing the life insurance underwriting landscape heading into the future. Accelerated Underwriting definition: an innovative new approach [...] Continue Reading