The Two Best Ways to Buy Permanent Life Insurance

There are of course more than two ways to buy permanent life insurance, but in our opinion one of these two items will apply to a large swath of consumers. And, these apply to people who need or desire permanent death benefit protection. If you only want or need temporary coverage, just purchase term insurance […]

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Getting Approved for Life Insurance with Poor Health

Typically, you will get the best insurance rates while you are young and healthy. This is because insurance companies identify those factors as being low risk, which allow premiums to be lower. There are many other factors that determine your premium such as: lifestyle, family history of diseases, tobacco use, weight, etc. So, what about […]

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Universal Life Insurance Cost of Insurance

The cost of insurance (COI) is something that’s important to keep in mind when considering the purchase of a universal life insurance policy. Usually the goal is to minimize it so that cash value builds as efficiently as possible (except in the case of guaranteed universal life insurance). We’ll cover how to do this. We’ll […]

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Universal Life Insurance Death Benefit Options

One of the options when purchasing universal life insurance is the type of death benefit. There are a few different death benefit options, but the most common are level (sometimes called Option 1 or Option A) and increasing (sometimes called Option 2 or Option B). We’ll cover each of them and also go over some […]

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Universal Life Insurance Premiums

Universal life insurance, whether it is guaranteed universal life insurance, indexed universal life insurance, or traditional universal life insurance, has a few different types of premiums. The purpose of these premiums is to set minimum and maximum amounts that you can put into a policy. They maximum premiums are part of the guideline premium test, […]

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