What is Life Insurance?

            Life insurance provides protection against economic loss by enabling the policy owner to share the loss with others exposed to similar risk.             It

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Variable Universal Life (VUL)

What is VUL? Also called Variable Universal Life, Variable Unit-Linked, or non-traditional life insurance. VUL is an investment-linked life insurance plan that provides life insurance

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Traditional Life Insurance

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

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Standard vs. Sub-standard rates

“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

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Beneficiaries

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

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Settlement and Claims

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

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