Key man insurance is life and disability insurance that covers key employees (including business owners and founders) important to the business’ success. The business owns the policy, pays the premiums, and receives the payout if the key person dies or becomes disabled. A $100,000 policy for key man insurance starts at $100 per month. Key…
All Life Insurance Articles
Variable Life Insurance: What It Is + Pros and Cons
Variable life insurance is a type of permanent coverage that provides death benefits to your beneficiaries plus cash value that grows during the life of your policy. This cash value can be used to increase your death benefit, cover premium payments, or be withdrawn as needed. Variable life insurance typically starts around $75 per month….
Universal Life Insurance: Definition, Cost & Providers
Universal life insurance is a permanent life policy. As long as you pay the premium, permanent life policies remain active. People like universal life because it’s less expensive than whole life and still has a tax-deferred saving component. Universal life also has flexible premiums. You can change the premiums and death benefit within certain limits….
Term Life vs. Whole Life Insurance: Which Is Right for You?
Term life insurance is very affordable and ensures a death benefit for a set term, typically 10 to 30 years. Whole life insurance is more expensive, builds a cash value, and lasts your entire life as long as you pay your premium. Choosing term life versus whole life insurance depends on your budget and needs….
How Much Life Insurance Costs & What Affects Rates
Life insurance costs depend on several factors, including age, gender, health, the type of insurance you get, and the size of the policy. Term and whole life are the two most popular types of life insurance, and term is the most affordable. Typical term life insurance rates range from about $8.79 to $53.55 per month….
Term Life Insurance: Rates, Quotes & Providers
Term life insurance pays a benefit if the insured person dies before the end of a specified term, which is typically 10, 15, 20, or 30 years. Term life insurance rates are five to 10 times lower than whole life insurance. Term life premiums vary based on several factors, such as age and length of…
Whole Life Insurance Rates, Quotes, & More
Whole life insurance features guaranteed coverage for your entire life, as long as you pay premiums. These policies contain savings features that enable you to build cash value, which can be withdrawn tax-free. Depending upon your age and health, whole life insurance rates may range from about $80 to $3,000 per month. You can get…
How To Offer Life Insurance As An Employee Benefit
Life insurance pays a lump sum of money in the event of death to the designated beneficiary. As an employer, life insurance is an inexpensive and easy benefit to offer to your employees, and it can mean a lot to your employees if many of them have families or children. In this article, we will…
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