All Life Insurance Articles

Whole life insurance is a type of permanent insurance that provides death benefits to beneficiaries and has a cash value that grows during the policy’s lifetime. Cash value can be used to increase your death benefit, cover premium payments, or be withdrawn as you need it. Monthly whole life insurance rates typically start around $150…

Term life insurance pays death benefits to beneficiaries if the insured dies during the policy period. The duration of coverage is typically 10, 15, 20, or 30 years. Term life premiums vary based on several factors, including age and health. Term life premiums start as low as $15 per month for a healthy 20-year-old. Term…

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…

Disability insurance is a form of income protection that can cover up to 90% of an employed person’s income on a short- or long-term basis, regardless of how they became injured or disabled. Coverage starts at $300 per year but someone should expect to pay 1% – 3% of their annual income for a policy….

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….