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Life Insurance To Get Business Loans

Life Insurance To Get Business Loans Starting or growing a business can be a rewarding experience, but it can also be risky. Entrepreneurs often need to borrow money to get their businesses off the ground, and lenders want to protect themselves in the event that the entrepreneur dies before the loan is repaid. That’s why…

Life Insurance Mortgage

How Life Insurance Protects a Mortgage

How Life Insurance Protects a Mortgage Life insurance can help protect a mortgage in a few ways. First, it can provide a death benefit that can be used to pay off the mortgage if the policyholder dies. This can help to ensure that the surviving family members are not burdened with the mortgage payments. Second,…

3 Types Of Term Life Insurance

3 Types Of Term Life Insurance? The three main types of term life insurance are: Level term life insurance: This type of term life insurance provides a fixed death benefit for the entire term of the policy. Level term life insurance is typically the most affordable type of term life insurance. Decreasing term life insurance: This type…

Benefits of Increasing Term Life Insurance

Benefits of Increasing Term Life Insurance Term life insurance is a type of life insurance that provides coverage for a specific period of time, or term. Increasing term life insurance is a type of term life insurance that increases in coverage over time. This can be beneficial for people whose needs are expected to increase…

What is Medicare Creditable Coverage?

What is Medicare Creditable Coverage? Medicare is a federal health insurance program for people age 65 and older, as well as people with certain disabilities. Medicare Part D is the prescription drug coverage part of Medicare. Medicare creditable coverage is prescription drug coverage that is expected to pay, on average, at least as much as…

Variable Flexible Premium Universal

Flexible Premium Variable Life (Universal)

Flexible Premium Variable Life (Universal) Flexible premium variable life (VUL) insurance is a type of life insurance that allows policyholders to adjust their premium payments and investment choices. This flexibility can make it a good option for policyholders who need or want more control over their life insurance coverage. Features of flexible premium variable life…

Automatic Premium Provision Loan

Automatic Premium Loan Provision

Automatic Premium Loan Provision An automatic premium loan provision (APL) is a clause included in some life insurance policies that allows the insurance company to automatically borrow money from the policy’s cash value to pay outstanding premium payments. APLs are most common in cash value life insurance policies, such as whole life insurance. If a…

Health Insurance

Best Health Insurance Carriers in New York

Best Health Insurance Carriers in New York Health insurance is an essential aspect of maintaining one’s overall health and wellness. It is especially crucial for individuals living in the state of New York, where the cost of medical care is one of the highest in the country. With so many health insurance options available, it…