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Return of Premium Insurance

Written by Termland.com

Return of premium (ROP) life insurance is a relatively newer type of term insurance policy and is very similar to level term life. It offers a guaranteed amount of life insurance at a premium rate that is fixed for the entire level term period. The major difference with ROP term is that at the end.. More

How to get a low rate on your life insurance with a history of alcohol abuse?

Written by Termland.com

The ten factors below will positively affect your life insurance cost if you have had a history of alcohol usage. The list is comprised are health and lifestyle issues that will provide the insurance company the information needed to accurately evaluate whether your risk level has been affected by your alcohol usage. Before applying for.. More

Life Insurance Riders Defined

Written by Termland.com

Riders are added to a life insurance policy for an extra premium and provide additional supplemental benefits. Riders are available with most life insurance policies including term, universal and whole life. Following is a list of riders typically available with most life insurance policies. Accelerated Death Benefit Rider or Living Needs Rider.  This rider enables.. More

Why Buy Term Insurance?

Written by Termland.com

Term insurance is designed to provide temporary protection for risk of premature death and pays a benefit if the insured dies within the established term period. Term life insurance offers several advantages including inexpensive insurance costs, policy affordability, protecting your insurability and solving temporary coverage needs. Inexpensive insurance costs The primary advantage of term life.. More

What is Decreasing Term Life Insurance?

Written by Termland.com

Decreasing term insurance is a variation of term life insurance that is structured to have a level premium with a decreasing face amount that reduces over time. Historically, decreasing term policies have been used to cover financial obligations such as amortized loans and mortgages that have declining balances over time. How Does Decreasing Term Insurance.. More

What is Annual Renewable Term Life?

Written by Termland.com

Annual renewable term life insurance (ART), also referred to as yearly renewable term or YRT, is term life insurance that has a fixed rate for a one year period with rates that increase each year as you get older. You may choose to continue or “renew” coverage annually without proving your health but must pay.. More

What Type of Life Insurance Policy Should You Buy?

Written by Termland.com

“It depends on your objectives!” In general, there are two main categories of life insurance: term life and whole life. Term insurance is temporary inexpensive protection and is not designed to last forever. Whole life insurance offers iron clad long term guarantees including cash value but is very expensive. Included in these two categories are.. More

Types of Term Life Insurance

Written by Termland.com

Term life insurance is one of the best ways to protect your family or business because you can buy large amounts of coverage at very low rates. When most people think of term life insurance they think of level term but there are several other types of term insurance available. Other term life options include,.. More

Term Life Insurance: Advantages and Disadvantages

Written by Termland.com

Term life insurance is the most basic form of life insurance. It is designed to provide affordable death protection for the short term and pays a benefit only if you die. There are many different types of term insurance with level term life insurance being the most popular choice. Following are some of the advantages.. More

What is Second-to-Die or Survivorship Life Insurance?

Written by Termland.com

Second-to-die life insurance, commonly referred to as joint life or last-to-die insurance, is a form of life insurance that is purchased for estate planning and is generally used to provide liquid funds to pay your eventual federal estate tax*. Survivorship life policies are also used in estate planning to provide funds to take care of.. More