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What is instant life insurance?

Instant life insurance is a type of life insurance that provides coverage immediately upon application approval. It offers a quick and convenient solution for individuals looking to protect their love...

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What is group life insurance?

Group life insurance is a type of insurance that is provided to a group of individuals, typically employees of a company or members of a professional association. It offers financial protection to emp...

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What is evidence of insurability?

Evidence of insurability is a critical aspect of the insurance industry that plays a significant role in determining the coverage and premiums individuals can obtain from insurance policies. It involv...

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What is credit life insurance?

Credit life insurance is a specific type of insurance policy that provides coverage for outstanding debt in the event of the policyholder’s death. This type of insurance is typically offered by ...

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What is cash value of a term life insurance policy?

Term life insurance is a type of life insurance policy that provides coverage for a specified period of time, typically ranging from 10 to 30 years. Unlike permanent life insurance policies, term life...

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What is cash value in life insurance?

Life insurance is a crucial financial tool that provides protection and security for individuals and their loved ones. It offers a payout, known as the death benefit, to beneficiaries upon the policyh...

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What is an in-force life insurance illustration?

Life insurance illustrations are valuable tools that provide policyholders with a detailed overview of their existing policies. These illustrations allow individuals to assess the performance and proj...

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What is an AM Best rating?

Insurance is a complex industry, and it can be difficult for consumers to determine which insurance companies are reliable and financially stable. This is where AM Best ratings come into play. AM Best...

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What is an accelerated death benefit rider?

An accelerated death benefit rider is a valuable addition to a life insurance policy that provides policyholders with the option to access a portion of their death benefit while they are still alive i...

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What is adverse selection in life insurance?

Adverse selection is a concept that plays a critical role in the world of life insurance. Understanding this concept is essential for both insurance companies and policyholders alike. In this article,...

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What is accelerated underwriting life insurance?

Life insurance is a crucial financial product that provides financial protection to your loved ones in the event of your death. It offers a lump sum payment, known as a death benefit, to your benefici...

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What is a survivorship life insurance policy?

Survivorship life insurance, also known as second-to-die life insurance, is a type of policy that covers the lives of two individuals, typically spouses, and pays out a death benefit only after both p...

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What is a simplified issue life insurance policy?

Life insurance is an essential financial tool that provides financial security and peace of mind to individuals and their loved ones. It is a contract between the policyholder and the insurance compan...

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What is a life insurance death benefit?

Life insurance is a financial product that provides protection and financial security for beneficiaries in the event of the policyholder’s death. One of the main components of a life insurance p...

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What is a “Key Man” life insurance policy?

A “Key Man” life insurance policy is a type of insurance policy that is designed to protect a business from potential financial losses that may occur due to the death or disability of a ke...

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What is a “Dead Peasant” insurance policy?

A “Dead Peasant” insurance policy is a unique type of insurance that has gained attention and controversy in recent years. It refers to corporate-owned life insurance policies taken out by...

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What happens to debt when you die?

Dealing with the loss of a loved one can be a difficult and emotional time. Amidst the grieving process, there are also practical matters that need to be addressed. One such matter is what happens to ...