A few years ago you purchased your term life insurance policy. You pay a very inexpensive premium. You have enjoyed the security that this policy afforded you over the years. You have recently discovered that a hereditary disease will likely rear its ugly head. Even though your youngest is close to graduation you will still need your life insurance policy as you want to protect your mate in case you should die suddenly. You could try to buy some more term life insurance that would give you a few more years of protection. The problem is that you may not be able to get it because of your recently discovered health problem.

Read more…

Equitable Life offers a Participating Whole Life policy called Equimax. Participating Whole Life insurance offers guaranteed cash values and dividend values. This differs from Non-Participating Whole Life policies, which just offer guaranteed values.

The following are five benefits of an Equitable Life Participating Whole Life policy:

1. The plan is available in Life-Pay or 20-Pay options.

2. Equitable Life had paid a dividend each year since 1936 and their dividends continue to be strong, even in a low interest rate environment.

3. Read more…

Genworth Financial just released a study finding that too many Americans who need life insurance coverage are uninsured, putting their families and futures at risk. According to the 2011 Genworth Financial LifeJacket Study, single parents across all income levels with children living at home have the least insurance for their needs, potentially leaving their children with few or no options when faced with an unexpected death. Listen to Tracy Basdens story if you want to see what happens to the children in these situations.

Read more…

Here is another approach to mortgage life insurance. You want to cover your mortgage in case you should die before your children are self sufficient. You also want to protect your spouse as your income is important to your lifestyle. As your home is one of your largest investments, probably the largest, you decide that mortgage life insurance is a good idea. We have already discussed using decreasing term insurance as well as using a level term policy. Let us now examine whether a permanent type policy could be intelligently used to protect your mortgage. Let us find out if there is any advantage to this. Read more…