What is Universal Term Life Insurance?
Universal term is a type of flexible term insurance contract. Similar to, and actually a variation of, universal life insurance, … Read more
Term Insurance
Do Term Life Policies Forgive Premiums if the Insured Becomes Disabled?
The waiver of premium rider, which is a common rider to most permanent or ordinary whole life policies, provides that … Read more
Types of Term Life Policies
Renewable Term Policy Term policies are either renewable or nonrenewable. This means, for a small additional premium, the policyowner has … Read more
How to Compare Term Life Policies
One must check all of the policy provisions to see if the policies provide identical benefits. In most cases, the … Read more
5 Disadvantages of Term Life Insurance
Understanding the disadvantages of term life insurance helps consumers make the most educated decision. Here are the 5 major disadvantages … Read more
10 Key Advantages of Term Life Insurance
Understanding the advantages of term life insurance helps consumers make the most educated decision. Here are the 10 major advantages … Read more
8 Circumstances that Call for the Purchase of Term Life Insurance
Generally, term insurance is not the most effective type of life insurance for all of these death benefit needs. However, … Read more
12 Reasons for Buying Life Insurance
In general, some type of life insurance is indicated when a person needs or wants to provide an immediate estate … Read more
2 Primary Characteristics of Term Life Insurance
The two principal characteristics of term insurance are: (1) the insured must die for any benefits to be paid; and … Read more