Understanding Life Insurance Plans

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Terminology You Need To Understand When Buying Life Insurance

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Shopping around for life insurance can be time-consuming and challenging. Even with a good agent helping you, there may be terminology you don’t understand if this is your first time shopping for life insurance. The more familiar you are with the following terms, the easier time you’ll have choosing the policy that best fits your needs. Term Insurance: Term life insurance is one of the two most popular types of life insurance. Read More»

Three Mistakes You Could Be Making With Your Life Insurance Policy

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When it comes to living life to the fullest, you have the ability to take all the risks you want. In order to ensure that your risks are backed up, you want to make sure you have a good life insurance plan ahead of time. Life insurance is critical for those who need some kind of reassurance that their family will be taken care of in case something happens to them. Read More»

2 Things You Need To Know About Getting A Life Insurance Policy

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Everyone should be carrying life insurance. It is a vital part of any adult’s emergency plan. This is especially the case if you have children or are married. You need to leave your family in the best financial situation possible so that, if you were to pass away, they aren’t only mourning your death, but also in a difficult financial bind. Life insurance can prevent this kind of problem. Here are some things that you should know about purchasing life insurance. Read More»

3 Reasons To Always Carry A Life Insurance Policy

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Buying life insurance is incredibly important. Many people fail to recognize just how vital it is that they have a life insurance policy on themselves at all times. Life insurance is very affordable, so there is really no reason to not be carrying a life insurance policy. Here are some reasons why you should always have life insurance. 1. Funeral Expenses Funerals can be expensive. They can range from a couple thousand dollars to a great deal more. Read More»

Questions About 1035 Life Insurance Exchanges

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With a Section 1035 Exchange Life Insurance, you are permitted to exchange your life insurance policy for a new policy without having to pay tax on any investment earnings from your original policy contract. Many life insurance policies that are variable are actually registered securities. Since these policies are registered with the Securities and Exchange Commission, there may be investment returns on the insurance plan. As a result, based on the policy earnings, the cash value of the plan can fluctuate. Read More»

Questions And Answers About ILIT Trusts

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An irrevocable life insurance trust (ILIT) is one of many ways that you can ensure your heirs benefit when you pass away. These trusts, as the name implies, can’t be revoked unless you and all the beneficiaries agree to do so. To understand more about these trusts and why they can be a good estate planning option, read through this guide. Why would one choose an irrevocable trust? An irrevocable trust has one key benefit over other estate disbursement options—it cannot be changed upon a whim. Read More»