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The Difference between Term Life Insurance and Whole Life Insurance

Life insurance is a way to look after your family, even after you’re gone. Understanding life insurance can be tricky. This article breaks down the differences between two common types of life insurance – term and whole. 

Read on on MetLife for more information about life insurance and learn more about what coverage is right for your family:

There are two main types of life insurance — term life insurance and whole life insurance. Find out which may be right for you. These Are The Differences Between Term Life And Whole Life Insurance.

The post The Difference between Term Life Insurance and Whole Life Insurance appeared first on MetLife Blog.

Read the source article at The MetLife Blog

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Changing Life Insurance? This Information and Checklist Can Help

Your family understands that life insurance is an important part of your financial picture and health as a family. Protecting your loved ones in the case of the unexpected is great, but what if the policy you have just isn’t working for your family anymore? About has some advice for families thinking about changing life insurance policies.

Their checklists and points to consider can help you determine if changing policies is the best route for your family or if you should consider converting your policy or stick with your current insurance plan. Read on for useful tips:

If you are approached by a life insurance agent and asked to consider canceling your current life insurance policy in order to purchase a replacement policy there are a few things you should know first.

As the policyholder of your life insurance policy, you are in control of your life insurance policy choices. Neither beneficiaries nor life insurance policies can be changed without your consent.

Read the source article at personalinsure.about.com

Insurance After the Wedding

If you are just starting a family and embarking on your life together with your spouse, considering how marriage has changed your insurance needs. Make sure you and your new spouse have adequate coverage to protect the life you’re building together!

The big day has come and gone but the happily ever after has just begun! You may think that planning the wedding was the worst of your stress, but there is still a lot to address afterwards. Once you are unpacked from the honeymoon, there are changes you will need to make, especially if you have a new last name or new address. It’s important for all of your information to be accurate, not just on your license, but also on your insurance policies.

Read the source article at encharter.com

Should I Get Whole Life Insurance or Term Life? Financial Experts Weigh In

Great advice for families considering life insurance.

Life insurance policies can be confusing, with complicated rules and arcane language that often make it hard for consumers to understand the costs and benefits. With a little research and expert guidance, though, you can make the right decision that saves you money and creates financial security for your family.

First, a quick summary. There are two main types of life insurance — term life insurance and permanent life insurance, such as whole life:

Read the source article at Compare Best Credit Card Offers

The Benefits of Having Life Insurance Coverage on Your Child

It’s not pleasant to think about, but this type of insurance could help your family, including your child, down the line (if it accumulates cash value!).

Although it’s terrible to think about, the truth is that the unimaginable — losing a child — can happen. A parent may never fully recover from it emotionally.

A child’s death also raises financial issues. Is that a reason to purchase life insurance on someone so young?

Read the source article at Compare Best Credit Card Offers