How is Universal Life insurance different?

By | Life Insurance

Question 85 in 100 Insurance Questions in 100 Days Video Series! Everyone should have life insurance. We are all going to die. It’s not fake news. So, choosing the best life insurance option is critical. Most everyone knows about term and whole life insurance, but what about universal life? Click on the above video to learn more about this valuable option.

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What’s Whole Life?

By | Life Insurance

Question #54 in 100 Insurance Questions in 100 Days Video Series There are three primary kinds of life insurance. Term, Universal, and Whole. Whole Life is sometimes referred to as General Life. It does as its name suggests, it stays with the insured until death. Unlike term, which can be outlived, whole life will remain. The premium can be paid all at once, over 20-years, or every year until death. It also has a cash value component. See this brief video for more information on this New York State insurance product.

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What is Term Life Insurance?

By | Life Insurance

Question 48 in 100 Insurance Questions in 100 Days Video Series One rule of thumb is that you should have $50,000 in coverage for every year you have left to work. If you are married, or have children, or both, then consider a term policy. Don’t get too caught up in whole life or universal life for now as securing a term policy is the least expensive for the most death benefit.

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