My Guide to Life Insurance

Just as important is some kind of life insurance to protect your loved ones in case of death. Cash in IRA, pay tax, reinvest in other assets and use this account as collateral for a loan to pay the life insurance premiums. This is where a life insurance policy beneficial, with your spouse as a beneficiary.

Life insurance correctly planned will on premature death provide funds to deal with monies due, mortgages, and living expenses. Premiums for term life insurance are typically based on your age and health status at the time the policy is written. Our Mom didn't know where the birth certificate, pension information or life insurance policy was.

Minimums And Maximums There are certain minimum and maximum amounts of 10 year term life insurance that insurance companies will be prepared to issue on an applicants life. Sometimes surrendering your life insurance to your original company is a better bet. While doing this, I'll introduce you to what many knowledgeable professionals consider to be the best kept secret in a life insurance policy. More information