How to Choose the Right Life Insurance Company

Posted by Life Insurance Basics, Life insurance Planning, Life Insurance Riders, Personal Finance, UnderwritingNo Comments
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How to Choose the Right Life Insurance Company

How to Choose the Right Life Insurance Company

With so many life insurance companies to choose from, finding the right company for your situation can be a bit overwhelming.  It is important to choose the right life insurance company considering the fact that you will most likely have your life insurance policy for a long time.  Choosing the wrong company could lead to paying higher premiums than necessary and other problems the down the road.  We’ve outlined some improtant factors to consider that will help make the decision process easier when determining how choose the right life insurance company.

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8 Reasons Why Millennials Should Consider Life Insurance

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8 Reasons Why Millennials Should Consider Life Insurance

If you’re a millennial, buying life insurance is probably one of the last things on your mind.  Most millennials today are focused on their careers and financial independence first and settling down and starting a family later.  But even though most millennials don’t have families to support, buying life insurance could make sense in many cases.  Here are 8 Reasons Why Millennials Should Consider Life Insurance.

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Which Type of Term Life Insurance is Right for You?

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married coupleWhich Type of Term Life Insurance is Right for You?

When it comes to term life insurance, you have a few different choices.  If cost is the main driver in your decision, you could simply purchase the most economical option as your choice.  A simple term policy that covers you until your children are grown or until you retire might be sufficient.  If you are looking for more comprehensive coverage, a term product that offers additional features such as return of premium, living benefits or the potential for lifetime coverage could make sense.  To make the decision process a little easier, we have decided to offer a list of term life insurance options that fulfill a wide spectrum of coverage needs and goals.  Which type of term life insurance is right for you?

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Should You Buy Life Insurance for Your Children?

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child life insuranceShould You Buy Life Insurance for Your Children?

If you’re a parent who has loved ones that rely on you financially, it is pretty much a no brainer that you should own life insurance.  Life insurance allows you to take care of your loved ones if you are not around to provide for them.  But should you buy life insurance for your children?  Buying life insurance for your children can make sense in some instances.  It will all come down to your particular circumstances and goals for providing the coverage. In this post we will look at the benefits and drawbacks to buying life insurance for your children.

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Term Life Insurance with Living Benefits

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living benefits picTerm Life Insurance with Living Benefits

One of the biggest knocks on term life insurance is that it only offers a benefit if you die.  In other words, there are no living benefits while the policy is in force.  Although that is the case for many term life insurance policies on the market today, there are some companies that offer term coverage that also includes benefits should you become terminally ill, chronically ill or suffer a critical illness.  If you are looking for a term life policy with more comprehensive coverage, a policy with living benefits might make sense.  Here is a general overview of term life insurance with living benefits.

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Product Review: American General Secure Lifetime GUL II

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AIG logoProduct Review: American General Secure Lifetime GUL II

If you are looking for lifetime coverage at an affordable price, American General’s Secure Lifetime GUL II might be the right fit for you.  The Secure Lifetime GUL II offers some unique features that set it apart from the competition.  The product is also one of the least expensive guaranteed universal life options available on the market.  It is truly a comprehensive product that can be designed to offer protection if you die to soon, live too long or get sick along the way.  Here is our review of American General’s Secure Lifetime GUL II.

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Product Review: Alumni Insurance Program Life Insurance

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college penantsProduct Review: Alumni Insurance Program Life Insurance 

You may have seen an ad in your alumni association newsletter or on its website for the Alumni Insurance Program (AIP).  This is a program that offers life, health and other types of insurance plans to more than 300 alumni associations.  You might think that buying life insurance through your alumni program will save you money, but in most cases it doesn’t.  We took a look at the Alumni Insurance Program’s life insurance offerings and compared the rates and features to individual plans outside of the program.  Here is our review of the Alumni Insurance Program’s life insurance offerings.

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7 Common Life Insurance Myths Debunked

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MythFact7 Common Life Insurance Myths Debunked

There are so many misconceptions out there surrounding the subject of life insurance that separating fact from myth can sometimes be difficult.  It can get so confusing for some that they simply put off obtaining coverage.  Since life insurance is essential part of any overall financial plan, we wanted to do our part to clear up any confusion that might be preventing those of you from getting coverage.  So we decided to debunk 7 common myths when it comes to life insurance.

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Prudential Term WorkLife 65 Review

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Work life 65Prudential Term WorkLife 65 Review

For those of you looking for the complete solution to your term life insurance needs, Prudential’s Term WorkLife 65 product could be the answer.  Prudential’s WorkLife 65 product is a comprehensive term policy that offers guaranteed level premium coverage until age 65 with premium payment protection built in if you become unemployed or disabled while your policy is in force. The Work Life 65 product offers affordable rates for a policy that includes several valuable features not found in many term policies.  Here’s how it works.

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Transamerica Trendsetter LB Review

Posted by Life Insurance Basics, Life insurance Planning, Life Insurance Riders, Personal Finance, Product/Company Reviews2 Comments

trendsetter-lb-product-guide-thTransamerica Trendsetter LB Review

When people think of term life insurance, they almost never think of it as a product that can provide benefits while they are still living.  The fact is that most traditional term policies don’t provide many living benefits.  But what if there was affordable term product that provided cash to help you pay for chronic and critical illnesses? Well look no further.  Transamerica’s Trendsetter LB (Living Benefits) term life insurance product offers the affordability of a traditional term policy with access to living benefits to help you deal with any of life’s unpredictable events.

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Why Term Life Insurance is a Great Product

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Term lifeWhy Term Life Insurance is a Great Product

You’ve decided that it’s time to buy life insurance.  Good for you! Life insurance is the foundation of any solid financial plan.  But you must now decide what kind of life insurance coverage will work best for you.  Term life insurance is an excellent product that allows the highest amount of coverage per premium dollar.  The rates for term life insurance have decreased over time making it more affordable now than ever.  When considering your life insurance options, many families need to look no further than term insurance.

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Important Riders for Life Insurance Policies

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Features-and-BenefitsImportant Riders for Life Insurance Policies

Did you know that you can create a more comprehensive life insurance policy by adding various riders? Riders come at an added cost to the base policy, but can give you additional benefits that might come in handy during the life of your policy.  Available riders will vary based on the insurance company, state availability and the life insurance product that you choose.  The conditions that must be met to use certain riders might differ by company as well.   Here is a list of some important riders that should be considered and a basic explanation of the benefit that each can provide.

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