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Your decision to buy life insurance might be an easy one. You have a family, a partner or kids who depend on your income and household contributions, and you want to make sure they’re protected ...
Variable universal life insurance (often shortened to VUL) is a type of life insurance that builds a cash value. In a VUL, the cash value can be invested in a wide variety of separate accounts , similar to mutual funds , and the choice of which of the available separate accounts to use is entirely up to the contract owner.
Term life insurance. Term life insurance is typically more affordable than permanent life insurance because it is only active within a set period. Among the various types of term life insurance ...
Term life insurance or term assurance is life insurance that provides coverage at a fixed rate of payments for a limited period of time, the relevant term. After that period expires, coverage at the previous rate of premiums is no longer guaranteed and the client must either forgo coverage or potentially obtain further coverage with different payments or conditions.
An alternative to long-term care insurance, where new policies have accelerated benefits for Long Term Care; Mortgage acceleration, where an over-funded UL policy is either surrendered or borrowed against to pay off a home mortgage; Life insurance retirement plan, or Roth IRA alternative. Traditional IRA and 401(k) contributions get an income ...
Each insurance type comes with pros and cons that make it difficult to decide the best. The choice should be based on the factors most likely to help the family cope with the loss of a loved one.
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