Types

What Is Variable Universal Life Insurance? (VUL)

You may have heard of universal life insurance in the past, but did you know that there are several variations of the policy type? One is variable universal life insurance, frequently referred to simply as VUL. VUL is much like other types of universal life insurance, as well as whole life insurance. It combines a…
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What Is Variable Life Insurance?

There are many different types of life insurance beyond term and whole life. And while each is fundamentally a life insurance product, they’ll have features that make them unique from the others. One of those “other” life insurance products is variable life insurance. It works very similarly to whole life insurance. But it has enough…
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What is Indexed Universal Life Insurance and How Does It Work?

There are several policy types within the universal life family, one of which is indexed universal life insurance. It functions as a universal life insurance policy in most respects, with the most conspicuous difference being the way the cash value in the policy is invested. Different life insurance policy types combine life insurance with a…
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What is Universal Life Insurance and How Does It Work?

One broad group of policy types is universal life insurance. Though it’s more like whole life insurance than term, there are enough differences to make it a policy type all its own. What is universal life insurance, how does it work, and is it the right life insurance policy for you? What Is Universal Life…
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What is Term Life Insurance and How Does It Work?

Term life insurance is almost certainly the most popular type of life insurance policy there is. This is due to a combination of both low-cost and simplicity. As a result, it’s not only the most common form of life insurance provided by employers, but many insurance providers offer only term life insurance. It’s easy to…
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What Is Whole Life Insurance? | A Complete Guide

If you need permanent coverage, whole life insurance is a good choice. The more you know about whole life insurance, the easier it will be to determine if it’s the right insurance choice for you. Because of its low cost, term life is perhaps the most dominant type of life insurance. But term insurance doesn’t…
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Guaranteed Issue Life Insurance

Do you need life insurance but are concerned that certain health conditions you have may prevent you from getting it? If so, guaranteed issue life insurance is a specific type of life insurance that can provide coverage regardless of your health. It’s a bit more complicated than standard life insurance policies, and there are a…
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What Is Return Of Premium Life Insurance?

Our hope is after this brief explanation you’ll know enough about this very popular life insurance feature in order to be able to consider it the next time you decide to run a life insurance quote or purchase a plan to protect the income your family needs. There are dozens of different kinds of plans…
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Should You Have Both Term and Permanent Life Insurance Coverage?

When considering the purchase of life insurance, there are two primary types of coverage that are available in the marketplace. These are term and permanent. Should you buy term or whole life insurance? In some cases, it is certain that one type or the other will fit a buyer’s needs. In other situations, though, there…
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Types of Life Insurance Policies

There are many different types of life insurance policies. In fact, they can be so different from one another, they could be thought of as completely different financial products. The life insurance industry has designed many different policies to better accommodate the needs of consumers. Before buying a life insurance policy, you should make sure…
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