Accidental death and dismemberment (AD&D) insurance pays out if you die due to an accident (like a car crash) or if you become paralyzed or lose a limb, hearing, sight or speech. AD&D does not pay out if you die…
Indexed universal life (IUL) insurance policies can last your entire life and often let you vary your premiums and death benefit, within certain limits. This kind of policy can give you flexibility in the future. It builds cash value, and…
Stay-at-home parents often provide substantial financial value to a family even though they don’t bring in a paycheck. So the loss of a stay-at-home parent can mean a large financial hit. Life insurance can be used to cover the “replacement…
Some people view cash value life insurance as bad because of the amount of money that goes toward policy charges and not cash value. So if you need life insurance coverage only to provide a safety net for your family…
The cash value of a whole life insurance policy generally reverts back to the insurance company when the insured person dies. But many universal life insurance policies offer a choice of what kind of death benefit your beneficiaries will receive.…
Whole life insurance: The cash value in whole life insurance grows at a guaranteed, expected rate of return. It’s good for someone who wants no surprises with cash value growth. Indexed universal life insurance: The cash value gains for indexed…
