Life insurance can be an advantageous yet confusing process. If understood and done properly, life insurance can provide financial security for you and your loved ones. In order to ensure this, you must first understand life insurance ownership in comparison to beneficiaries, policy owners, and insureds. First, let’s consider the general difference between the owner …
Having the security of receiving a death benefit from a life insurance policy helps to know that there will be financial assistance for those we love if we were to pass away unexpectedly. When looking into obtaining coverage, there are two different types of life insurance to choose from: Participating and Non-Participating. Most of the …
Spousal Life Insurance is coverage purchased for a spouse or partner. Depending on the type of insurance you purchase, spouse insurance may cover a husband, wife, common-law spouse or domestic partner. This type of life insurance is different from a traditional life insurance policy that is usually purchased. This one you don’t actually purchase yourself. …
