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Policy type: Term life insurance from a provider like Ladder is more commonly available without an exam than permanent life insurance policies. Occupation : Some low-risk occupations may be more ...
Use term life insurance to cover “big ticket” items like housing, car loans and raising children, which are finite since the loans get paid off and children eventually become independent.
Loans: When you take a loan from your life insurance policy, you’re borrowing against the cash value. This means the cash value remains intact while the insurer lends you the money, using the ...
Premium financing is the lending of funds to a person or company to cover the cost of an insurance premium.Premium finance loans are often provided by a third party finance entity known as a premium financing company; however insurance companies and insurance brokerages occasionally provide premium financing services through premium finance platforms.
Mortgage life insurance is a form of insurance specifically designed to protect a repayment mortgage. If the policyholder were to die while the mortgage life insurance was in force, the policy would pay out a capital sum that will be just sufficient to repay the outstanding mortgage .
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.
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