What Is Involved When A Life Insurance Policy Is Backdated?
Backdating a life insurance policy means setting the policy’s effective date to a date before your actual application date, typically to lock in a younger “insuring age” and a lower...
Life Insurance
Explores life insurance policies, including employer plans, cash value, and regulatory rules.
Whose Life Is Covered On A Life Insurance Policy That Contains A Payor Benefit Clause?
Whose Life is Covered on a Life Insurance Policy? A payor benefit clause covers the life of the juvenile or child named as the insured on the policy, not the...
What Is A Nonforfeiture Option In Life Insurance?
A nonforfeiture option is a built-in life insurance provision that lets you keep some value from a permanent policy after you stop paying premiums, instead of losing everything. It is...
Under A Life Insurance Policy, What Does The Insuring Clause State?
Under a life insurance policy, the insuring clause states the insurer’s core promise: to pay the stated death benefit to the named beneficiary upon the insured’s death, provided the policy...
How To Set Up An Irrevocable Life Insurance Trust
How To Set Up An Irrevocable Life Insurance Trust To set up an irrevocable life insurance trust (ILIT), you must draft a legal trust document with an estate-planning attorney, name...
A Life Insurance Claim That Involves A Per Capita
A per capita life insurance claim means each named beneficiary receives an equal share of the death benefit, and if one beneficiary has died, their share is divided equally among...
How To Sell Life Insurance Independently
To sell life insurance independently, you must first secure a resident life insurance license in the state where you do business and then sign a contract with an independent marketing...
How To Be Successful Selling Life Insurance
Selling life insurance successfully requires a repeatable system that moves a prospect from first contact to a signed application and a long-term client relationship. Get licensed and contracted to start...
What Is The Allocation For Life Insurance?
Life insurance allocation is how the cash value in a permanent life insurance policy is divided among investment options, such as fixed-interest accounts or market-linked funds, and policyholders manage these...
How To Check If A Life Insurance Company Is Legitimate
To check if a life insurance company is legitimate, you must confirm its state license, review its complaint history, and verify its financial strength through independent rating agencies. These three...
What Is The Surrender Value Of A Life Insurance Policy?
The surrender value of a life insurance policy is the amount a policyholder receives if they cancel a permanent life insurance policy before it matures or before the insured dies....
Latest Articles