Annuities are legally binding contracts entered into with an insurance company to earn an annual income after retirement. At the start of the contract, you must deposit either a lump-sum payment or pay a succession of smaller payments that will accrue interest over time. There are currently three types of annuities, each with its benefits […]
Cash Value Life Insurance | What to Know Before You Buy
If you’re thinking of getting life insurance for the security of your loved ones, then it’s important to make a good decision. This starts with picking the right type of coverage. One of the most popular forms of life insurance is universal life insurance. Universal life insurance is a permanent plan—meaning it covers you for […]
What Is Universal Life Insurance | Should I Buy It?
There are many kinds of life insurance products available on today’s market. One of the more popular ones is universal life insurance. While universal life insurance is a recognizable type of insurance, not many people know much about it. What is universal life insurance? Universal life insurance is insurance that you pay throughout your life. […]
Life Insurance Advice for Every Age
Nowadays, almost anything you come across is insured. Insurance has become an essential aspect of people’s lives because of its benefits, flexibility, and, most importantly, security. Having insurance is a lifesaver. You may feel like it is a waste of money when you are not using it, but if you ever damage property, you will […]
Should You File That Insurance Claim?
Our daughter Jaime recently called to tell us, through angry tears, that she learned from her mortgage company that her homeowner’s insurance policy had been cancelled. Evidently, when the mortgage holder tried to make a payment from Jaime’s escrow account, the insurance company couldn’t accept it because Jaime was no longer insured. After cooling down […]