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 […]

1035 Transfer

1035 refers to a provision in the tax code which allows for the direct transfer of accumulated funds in a life insurance policy, endowment policy, annuity policy to another life insurance policy, endowment policy or annuity contract without creating a taxable event. Title 26, Subtitle A, Chapter 1, Sub chapter O, Part III, Section 1035 […]

5 Year Term Insurance

Usually “term life” is purchased to replace an income so that if the insured dies others will have funds to maintain a similar lifestyle. 5 year term life insurance is issued for a 5 year term of time. The premium remains the same for the whole 5 years. Why and who would purchase life insurance for such a […]

10 Year Term Insurance

10 year Term Life Insurance is the kind that gives you the most protection for your dollar. The premium will remain level for the full 10 year period. The premium is guaranteed not to increase and the coverage will not decrease during the 10 years. 10 year term insurance does not accumulate cash to pay premiums later when mortality cost […]

20 year term insurance

So you wonder if  you need term life insurance for 20 years… You can choose from several terms of life insurance, 5 year, 10 year, 15 year, 20 year, 25 year, 30 year or even longer more. It might seem difficult deciding which plan you need. It is important to do some planning before you choose. 20-year term life insurance, like all term […]