Life insurance is a contract in which an insurer, in exchange for a premium, guarantees payment to an insured’s beneficiaries when the insured dies.
Drawbacks of Whole Life Insurance, Explained The main disadvantage of whole life insurance is that it’s significantly more expensive than a term policy. Permanent policies cost on average...
Indexed univeral life insurance is a lot like universal life insurance, however it does have a couple of wrinkles not found in traditional universal insurance policies. Universal life insurance com...
Subscribe to Kiplinger’s Personal Finance · Be a smarter, better informed investor. Save up to 74% ; Sign up for Kiplinger’s Free E-Newsletters · Profit and prosper with the best of expert advice on investing, taxes, retirement, personal finance and more - straight to your e-mail. Sign up
Credit life insurance is a policy designed to pay off a borrower's debt if the borrower dies. Learn how it works and more about the pros and cons.
Term life insurance is a guaranteed life benefit paid to beneficiaries of the insured after death.
Your life insurance policy is the most important policy that you will ever purchase. What type? The kind of insurance that you buy does matter.
Variable universal life (VUL) insurance is a permanent life insurance policy with a savings component in which cash value can be invested.
Whole life insurance offers consistent premiums and a fixed death benefit. It can also build cash value. But is it worth the money?
Supplemental life insurance offers an extra layer of protection to your already existing policy. Learn how it works and how to get the right amount of coverage.