A life insurance retirement plan—or a LIRP—is when you use the cash value of a permanent life insurance policy to supplement your retirement savings. The primary purpose of life insurance is to ensure your loved ones are financially supported once you’re gone, but the...
Divorce can bring about many questions and unknowns, one of which being how to manage your life insurance policy. What to do with your life insurance policy when it comes to a divorce can depend on a variety of factors, including the type of life insurance coverage...
When shopping for life insurance, there’s a chance you’ll consider both term and whole life insurance policies. While term life insurance is often the more affordable option, whole life insurance can give you a set amount of coverage for as long as you live. When...
Dependent life insurance is typically offered as an add-on to your existing life insurance policy, such as a child rider, but it can also be defined as juvenile whole life insurance. Your life insurance policy may have limitations around what it will cover, but that’s...
Many people assume that life insurance is crazy expensive, but the truth is, you can likely get substantial coverage at an affordable rate. The average cost of life insurance depends on a number of factors, including what type of policy you choose, how much coverage...
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