2023年1月19日 · Our glossary of the most common terms, phrases, and concepts will help you brush up on life insurance definitions in no time. When you're ready to find the right coverage for your unique background and calculate how much you need , you can compare quotes for free or talk to a Policygenius expert .

2024年7月31日 · What is term life insurance? Term life insurance is a policy that lasts a set term — usually between 10 and 30 years — and then it expires. You make premium payments in exchange for coverage. If you die during your policy’s term, the insurer will pay your beneficiaries a tax-free sum of money called the death benefit.

2024年3月19日 · The most common types of life insurance are term, whole, universal, variable, and final expense. Here’s how each type works and how you can find the right policy for your needs.

2024年1月5日 · Understanding your policy to make sure you know how your life insurance works is a crucial step to maximizing your benefits. Your life insurance policy is a contract between you and the insurance company. It’s a written document that explains how your coverage works.

2024年2月12日 · Permanent life insurance coverage doesn’t expire, but is more expensive than other types of life insurance. Permanent life insurance is best for people with lifelong coverage or estate planning needs. High-net-worth individuals can also use permanent life insurance to diversify their investment strategy.

2024年10月3日 · Since whole life insurance lasts for your entire life, it guarantees a payout to your loved ones no matter when you die. It also comes with a cash value savings component that earns interest at a fixed rate.

2021年12月16日 · You’ll have to meet your disability insurance company’s definition of disability, but your benefits should replace between 60% and 80% of your income. Financial experts like Dave Ramsey and Suze Orman agree that long-term disability insurance is …

2024年2月22日 · How can you choose a financially strong life insurance company? You can research an insurer’s financial standing with credit agencies such as AM Best, Standard & Poor’s, and Moody’s. The is the first step you can take to protect yourself from a …

2024年7月31日 · Term life insurance is affordable, but expires at the end of its term. Whole life insurance is permanent, but costs a lot more than term life. Here’s how to decide which type of policy is best for you.

2024年10月28日 · What are the pros & cons of group term life insurance? Group term life insurance, also called employer-provided life insurance, is often offered as a benefit you can opt into during open enrollment. It’s typically free or heavily subsidized, which is the main perk of this type of coverage.