Category Archives: Universal Life Insurance
Grandparents Insuring Their Grandchildren
Life Insurance for Grandchildren
We all know how much grandparents love their grandchildren. Grandparents love their grandchildren, and they absolutely love being able to care for them. A number of grandparents are considering the financial futures of their grandchildren. This is especially the case if the parents are not in the best financial situation. A number of grandparents have considered life insurance for a grandchild to make sure that their grandchildren are protected financially. While life insurance for a grandchild is nothing new, the concept of grandparents taking out life insurance policies on their grandchildren may be something that more individuals will consider. With many grandparents in their senior years, a number of them may have the resources to assist their grandchildren.
Which Type Of Life Insurance Is Best For You?
Which Type Of Life Insurance Is Best For You?
In regards to life insurance there are two basic types, one being term and the other permanent. But, which type of life insurance is best for you?Term insurance provides life insurance for the amount of time that the policy holder specifies. If the insured dies within the specified time, the face value of the policy will be given to the beneficiary. However, if he does not die within that time span and the policy is not renewed, then nothing will be paid out. Permanent life insurance on the other hand, provides insurance protection for the policy holder’s life span. In addition, there is a savings element. There are two common types of permanent insurance: whole life insurance and universal life insurance.
