Mike’s Life Insurance Advice

Universal life insurance can help you build your cash in a tax sheltered environment

Realistically, most people need the coverage the most when their family is young. A term policy for five to thirty years may be exactly what you need.

The bottom line is that any insurance policy is only as good as the company you buy it from. If the fails your beneficiaries will not collect any money. So your insurer’s financial strength is crucial.

A life insurance settlement is an option you have to sell your life insurance policy and relinquish your coverage to a third party. It may be a better choice than getting a pay out from your life insurance company because it will often put substantially more money into your pocket.

There are so many different kinds of policies available that it can be hard to make sense of it all. There’s term, universal, variable and whole life policies and each has its benefits and drawbacks.