What is Buy Sell Life Insurance?

What is Buy Sell Life Insurance?

Buy Sell Life Insurance What is a Buy-Sell Life Insurance Agreement? A buy-sell agreement, also known as a buyout agreement, is a legally binding contract between business partners that stipulates what will happen to the business if a partner dies. A buy-sell agreement backed by life insurance is often used to fund a buyout of […]

Life Insurance Annuities

What are Life Insurance Annuities?

What are Life Insurance Annuities? Introducing Life Insurance Annuities What are Life Insurance Annuities? You may have heard of annuities before, but what exactly are they? An annuity is a contract between you and an insurance company in which you make a lump sum payment or series of payments. In return, the insurance company agrees […]

Long-Term Care (LTC)

What is Long-Term Care?

What is Long-Term Care? When it comes to planning for our later years, long-term care is an important topic that deserves our attention. After all, none of us wants to burden our loved ones with the responsibility of taking care of us if we can no longer take care of ourselves. But what exactly is […]

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? If you’ve ever shopped for insurance, you’ve probably heard the term “premium financing  .” But what is it? In short, it’s a way to pay for your insurance premiums over time, rather than all at once. There are a few different ways to finance your premiums. The most common is through […]

What is Whole Life Insurance?

What is Whole Life Insurance

What is Whole Life Insurance? Whole life insurance (WLI) is a type of permanent life insurance that offers life (WLI) ong protection. That means as long as you pay your premiums, your loved ones will receive the death benefit if something happens to you. (WLI) also has a cash value component, which grows over time […]

What is Universal Life Insurance?

What is Universal Life Insurance?

What is Universal Life Insurance? You’ve probably heard of term life insurance and whole life insurance, but what is universal life insurance? Universal life insurance or (ULI) is a type of permanent life insurance that offers coverage for your entire life. Read on to learn more about how (ULI) works and whether it might be […]

What is Term Life Insurance?

What is Term Life Insurance?

What is Term Life Insurance? What is Term Life Insurance (TLI)? In short, term life insurance provides coverage for a set period of time, usually 10-30 years. If you die during the term of the policy, your beneficiaries will receive a death benefit. If you live to the end of the term, the policy will […]

Learn About Life Insurance Definitions

Life Insurance Definitions

Life Insurance Definitions 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 by the owner of a […]

Life Insurance and Buy-sell

Using Life Insurance to Fund a Buy-sell Agreement

Life Insurance and Buy-sell Agreements What is a A Life Insurance and Buy-sell Agreement? 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 […]