An article by BudgetQueen My dad purchased a whole life insurance policy for me when I was very young. As I grew up the cash money that accumulated added to cover all of the expenses for my Bachelors Degree at the state university. My dad is also doing the same for my children. Am I grateful? Absolutely. Is it still a good idea to use whole life insurance to save up for college? Well let’s talk about some of the savings benefits of life insurance, and the other things that life insurance can do … [Read more...]
Irrevocable Life Insurance Trust
Life insurance is one of the best investment decisions you can make. Life insurance will provide compensation to your loved ones in the event of your death, allowing them to be financially taken care of. Using a irrevocable life insurance trust is a great way to leave behind benefits to your loved ones but it does so in a different manner from life insurance. A legal trust will end up holding more than one property and other investments and the trustee will be responsible for dispensing the … [Read more...]
Pros and Cons to Variable Life Insurance
Variable life insurance provides financial security to your loved ones in the event of your untimely death. Unlike other forms of life insurance, variable life insurance includes an investment option. Variable life insurance falls under the category of whole life insurance as it will allow you to have life insurance coverage until the time of your death. How does variable life insurance differ? When you invest money into this type of insurance policy you will also be given a cash value … [Read more...]
Insurance Coverage You Need to Have
Finding insurance policies that will protect your family and home for an affordable price can be very tricky. There are only a handful of policies that can actually be bundled together to save you money. Far too many people end up acquiring insurance policies that they do not need or they acquire a policy that is too large for their needs. This article will guide you through the types of insurance coverage you actually do need to have in order to be protected.Health InsuranceMost employers will … [Read more...]
