What is Buy Sell Life Insurance?

What is Buy Sell Life Insurance?

What is Buy Sell Life Insurance? Buy Sell insurance is a life insurance policy that business owners or partners can purchase to financially protect themselves and their loved ones in the event of death. Unlike traditional life insurance, Buy Sell policies are designed specifically to pay out in the event of death, so they can […]

What are Life Insurance Annuities?

What are Life Insurance Annuities

What are Life Insurance Annuities? Life insurance is a contract that provides a death benefit to a designated beneficiary upon the policyholder’s death. The beneficiary can use the death benefit to pay for final expenses, such as funeral and burial costs. Annuities are similar to life insurance in that they are also contracts. However, annuities […]

What is Long-Term Care (LTC)

LONG TERM CARE

What is Long-Term Care (LTC)? Long-Term Care (LTC) is designed to aid individuals in their daily activities once they are no longer able to live fully independently. It usually refers to the services and support that people need when they have a chronic illness or disability that limits their ability to care for themselves on […]

Disability Life Insurance

Disability Life Insurance

Disability Life Insurance Life insurance is one of those things that you don’t really think about until you need it. Disability insurance is a type of life insurance that provides you with financial protection in the event that an injury or sickness puts you out of work. If you’re the breadwinner for your family, then […]

What is Premium Financing?

What is a Life Insurance Premium?

What is Premium Financing? Premium financing is a specialized Life Insurance strategy that uses a third-party lender to finance premium payments. The Life Insurance company will often offer a policy to the borrower at a reduced rate, and the borrower will use the policy as collateral for the loan. The advantage of this arrangement is […]

What is Whole Life Insurance?

What is Whole Life Insurance

What is Whole Life Insurance? Life insurance is one of those things that you know you need, but you really don’t want to think about. It’s like car insurance or health insurance: you know that it’s important, but it’s not necessarily something that you’re excited to spend your hard-earned money on. However, life insurance is […]

What is Universal Life Insurance?

What is Universal Life Insurance

What is Universal Life Insurance? Life insurance is one of the most important investments you can make. It protects your family and loved ones financially if something happens to you. There are many different types of life insurance, but universal life insurance is one of the most popular. Universal life provides permanent lifetime coverage and […]

What is Term Life Insurance?

What is Term Life Insurance

What is Term Life Insurance? Term insurance is a type of life insurance that provides coverage for a set period of time, usually 10, 20, or 30 years. If the policyholder passes away during the term of the policy, the beneficiaries will receive a death benefit. If the policyholder does not die during the term […]

Life Insurance Terminology and Definitions

When it comes to protecting what matters most, life insurance is an easy and proactive way to ensure you’re financially taking care of your loved ones. But, sometimes the insurance jargon can be confusing — we’re here to help. Here are three essential life insurance terms you should know: Beneficiary: The person or party named […]

Using Life Insurance to Fund a Buy-sell Agreement

Using Life Insurance to Fund a Buy-sell Agreement

A chief concern among businesses is how the death of an owner will affect the business, other owners and the heirs of the deceased. Surviving owners want to ensure the continuity of ownership, the protection of the business’s finances and that their family is financially secure and compensated fairly in the event something happens to […]