Category Archives: Life Insurance
Discounted Term Assurance
Three Tips To Getting Discounted Term Assurance If you want to take out a term assurance policy then you probably already want to make sure that you get it right and that you get it cheap. After all, there is a very real possibility here that you won’t die during the term of your policy … Continue reading
Whole of life insurance
Whole life insurance, or whole of life assurance (in the Commonwealth), is a life insurance policy that remains in force for the insured’s whole life and requires (in most cases) premiums to be paid every year into the policy. Types There are several types of whole life insurance policies. New York State defines six traditional … Continue reading
Will my life insurance payout be taxed?
The payout from a life insurance plan is normally tax free. However, if the plan is not set up in trust, you should remember that any benefits paid are likely to form part of the deceased’s estate, unless the money is being paid to a charity. If the payout and the existing estate value nudges … Continue reading
Single vs joint life insurance
Life insurance can be purchased to cover you, or you and your partner in the event of either of your deaths. Commonly, joint insurance is available as a joint life ‘first death’ insurance plan: this means that the policy pays out for the first death in the partnership, but thereafter the plan ceases and the … Continue reading
Mortgage life insurance
Mortgage Life Insurance is a form of insurance specifically designed to protect a repayment mortgage. If the policyholder were to die while the mortgage life insurance was in force, the policy would pay out a capital sum that will be just sufficient to repay the outstanding mortgage. Mortgage life insurance is supposed to protect the … Continue reading
Money saving tips
Life insurance is an incredibly important financial product. Unfortunately, it’s also relatively costly. With that in mind, I thought I’d put together some tips for saving money when you’re in the market for a life insurance policy. Get healthy Any insurer worth their salt will require a physical as part of the underwriting process. The … Continue reading
Life insurance with no medical
Cheap Life Insurance Without Medical Exam The concept of life insurance that comes in with a medical examination is becoming popular as it saves a lot of time for the people and also tends to be a viable option for people with minor and in many cases almost insignificant disorders. Another policy which is similar … Continue reading
Life insurance vs mortgage life insurance
[Ray of Financial Highway is the author of today's guest post. He is a financial industry insider who has worked as a mutual fund and life insurance sales representative and is currently working towards getting a Certified Financial Planner designation.] I have pointed out many times that insurance is an important part of your financial plan; it is … Continue reading