Permanent Insurance: Ownership of Life Insurance Policies and Life Insurance Trusts

1. If used properly, life insurance can be one of the estate’s most valuable and flexible tools. Insurance can be used in a variety of ways. a. First, life insurance can create an immediate estate, which ordinarily might take years to accumulate. Example: An average wage earner may need a long period of time to […]

Permanent Life insurance and the use of Personal Life Insurance

All the money one can save just seems to not be enough. No matter how much money a person has managed to save, it is seldom enough to meet either routine or extraordinary expenses of survivors immediately after the death of a provider. Some of the major financial requirements that can be satisfied by the […]

Universal Life Insurance

Universal Life is a type of permanent  life insurance based on a cash value. That is, the policy is established with the insurer where premium payments above the cost of insurance are credited to the cash value. The cash value is credited each month with interest, and the policy is debited each month by a cost […]

Whole Life Insurance Quotes

When you shop for life insurance, you’ve got two basic options: term or permanent life insurance. Term life insurance covers you for a specific period of time, usually 10, 15, 20 or 30 years. If you live past your policy’s term, there is no payout to your beneficiaries. Permanent life insurance, such as whole life, […]