The 4 Most Common Life Insurance Settlement Options
The commonly offered and state-mandated settlement options include payments made as follows: in cash; in a fixed amount over some … Read more
Special Policy Provision and Riders
Our Life Insurance Experts Reveal the Benefits of the Common Accident Provision
Only about one in three contracts issued specifically includes a common accident provision, or what is sometimes called a survivorship … Read more
Bundling Comes to Life Insurance via Additional Insured Riders
Additional insured riders generally are term insurance riders on insureds other than the insured named in the base policy. One … Read more
Our Experts Explain the Little-Known “Change of Insured” Provision in Life Insurance Policies
The change of insured provision or rider is an attractive option in business insurance applications such as key person insurance … Read more
The “Change of Plan” Provision in Life Insurance Policies and How it Could Help You
Many policies provide a change of plan provision that gives the policyowner the privilege of exchanging the policy for some … Read more
Life Insurance “Bailout Provisions” and how Having this could Help You
Most current assumption and universal life policies use surrender charges rather than front-end loads to recover issuing expenses if the … Read more
4 Methods Used by Life Insurers to Pay Dividends to Policyholders
Although most companies provide the basic four dividend options—(1) cash, (2) reduced premiums, (3) dividend accumulations at interest, and (4) … Read more
2 Most Common Ways Life Insurers Charge Interest on Policy Loans
Despite the fact that companies may use a variable policy loan interest rate, the majority of companies still use a … Read more
Our Experts Explain the Automatic Premium Loan Provision in Life Insurance
Many companies provide an automatic premium loan provision, but the policyowner must in some states actively elect to make the … Read more
The Life Insurance Early Cash Value Rider Explained
The early cash value rider is an optional rider providing for higher cash values in the early years of a … Read more