Insurance-Based Investments
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Cash Value Life Insurance Sep 5, 2008
Cash value, or permanent, life insurance is life insurance that is designed to be kept until your death--whenever that may be. Part of your premium pays for the "pure" insurance coverage and expenses, and the balance is held by the insurance company in a cash value account.
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Finding and Using Insurance Company Rating Information Sep 5, 2008
Price is not the only factor to consider when shopping for insurance. Sure, you can probably get inexpensive insurance from a fly-by-night company, but will it still be around if you ever need to make a claim? It is extremely important to find a strong, financially stable insurance company that will be able to pay your death benefit when the time comes. Insurance company ratings--available for most major carriers--are tools that can help you evaluate the financial strength of an insurance company.
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Finding Money to Pay College Bills Out of Pocket Sep 5, 2008
You've saved for your child's college education through the years, helped your child research schools, and supervised the application process. Now, thankfully, your child is in college. But you probably can't disappear just yet--there are still bills to pay. Maybe you underestimated exactly how much financial aid would cover. Or perhaps you knew all along that you'd have to use some of your own resources or take out more loans. In any case, you'll need to come up with some money soon. So where should you look?
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How Does Cash Value in a Life Insurance Policy Really Work? Sep 5, 2008
When you own cash value life insurance, your premium payments are allocated three ways. First, a portion of each premium pays for the actual insurance costs. Like term insurance, a specific cost is associated with the policy's death benefit, based on your age, health, and other underwriting criteria. Second, a portion pays for the insurance company's operating costs and profits. The remainder goes toward the policy's cash value.
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Life Insurance Basics Sep 5, 2008
Life insurance is an agreement between you (the insured) and an insurer. Under the terms of a life insurance policy, the insurer promises to pay a certain sum to a person you choose (your beneficiary) upon your death, in exchange for your premium payments. Proper life insurance coverage should provide you with peace of mind, since you know that those you care about will be financially protected after you die. |
Types of Life Insurance Policies Sep 5, 2008
You know that you need life insurance. However, with the wide variety of insurance policies available, you may find choosing the right one difficult. It's really not as confusing as it seems, however, once you understand the basic types of life insurance policies.
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