It's Official: We're in a RecessionWhile the announcement yesterday wasn't a surprise, it is good to acknowledge what many people have already known and felt. The National Bureau of Economic Research, or NBER said Monday...Don't Treat Your 401k Like a Savings AccountThe holidays can be a time where money becomes tight, and many people turn to their 401(k) or other retirement plans for some quick cash. If your retirement plan has...Saving Money is Easy if You Make it AutomaticMany people think saving money is hard, but it doesn't have to be. The biggest problem is that most people treat savings as something that should be done after all...Health Insurance Options After Termination or Early RetirementIf you're a full-time employee, chances are health insurance is one of the benefits available to you. If you choose to take advantage of this benefit, you probably understand that...3 Tips to Help You Maintain a BudgetThe process of creating a budget can be daunting at first, but creating one is actually the easiest part. Maintaining and staying true to your budget for any period of...Use the Rule of 72 to Estimate How Long it Takes Your Money to DoubleHave you ever wondered how you can quickly estimate how fast your money or investments will grow? Sure, you can plug numbers into a financial calculator or software program to...Be Aware of the Warning Signs of Too Much DebtIs paying off debt bogging you down and keeping you from reaching your financial goals? Using credit and can be a powerful tool that allows you to buy a home,...Save Money on Groceries With These Shopping TipsWith a weak economy, high gas prices, and increasing inflation, you're probably finding that your dollar doesn't go as far at the grocery store as it used to. Groceries and...Do You Have the Stock Market Blues? Use This Time to Educate YourselfFor the past year now, stock markets here and abroad have been going down. Things really got ugly in October, and many investors are faced with investment losses of 30%...Comparing the Different Types of Health Insurance PlansIt's open enrollment season for many employer benefits, and that means it's time to review and select your health care benefits. Are you confused by all of the health insurance...
policies:
• Are pure life insurance, meaning they normally do not offer any other benefits other than death benefits.
• Offer life insurance protection for a specified amount of time.
• Are generally less expensive than any other kind of life insurance policy.
• Can be purchased as level term life insurance policies, which offer the same death benefit the entire duration of the policy, or decreasing term life insurance policies, which offer death benefits that decrease each year over the duration of the policy.
• May be purchased as “return of premium” policies, which means the policyholder will receive all or a portion of the premium paid over the course of the policy.
Whole life insurance policies:
• Offer not only life insurance coverage, but provide a savings component as well.
• Offer life insurance protection for the rest of the policyholder’s life.
• Are generally more expensive than term life insurance policies.
• Can be used as estate planning tools.
• Can be purchased as traditional whole life insurance policies, universal whole life insurance policies, or variable universal whole life insurance policies, which gives the policyholder a wider range of options from which to choose.
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Term Verses Whole Life – When It Comes to Life Insurance It Pays Budget life insurance for seniors
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