Passive Income for Beginners
I. What is Passive Income? Passive income is money coming in with little to no work. According to Investopedia, there are three main categories of
August 7, 2022
I. What is Passive Income? Passive income is money coming in with little to no work. According to Investopedia, there are three main categories of
What does a group life insurance cover? Death of the employee regardless of cause except suicide during the first year or sometimes the first two
How to stop life insurance When you stop your life insurance as a policyholder, this is called “surrendering”. You can get immediate value when you
What are riders? These are separate provisions from the life insurance policy which enhances it and provides benefits of a different nature. Disability Waiver of
Cash Value – is the savings element that builds up in permanent insurance plans Cash Surrender Value – the sum of money an insurance company pays to
Revocable primary beneficiary vs. Irrevocable primary beneficiary vs. Contingent In general, beneficiaries can only receive the policy proceeds if he is alive at the time
“Substandard rate” – refers to premiums charged to persons who are considered higher-than-average risk categories or applicants with moderate physical impairments. Increased rates. Applicants with
Modified Life Policy is where the initial premium rate applies to the first 5 years of the policy and a higher premium rate applies to
What is Traditional Life Insurance? Policyholders do not have investment options but may savings or guaranteed cash components Premiums, cash values and death benefits are
Life insurance applications usually carry large amount of information relating to the insurability of the applicant such as employment, medical condition, and family history. Why