IUL vs. Whole Life: An Overview Whole Life Insurance Whole life insurance policies have been around for decades. In general, these policies are considered the safest option for those looking to provide for their families after death. The Pros Guaranteed death benefits Fixed premiums that don’t increase with age Option to pay up face value
The biggest difference between term and whole life insurance is the length of coverage. Whole life insurance policies have no expiration date and are more expensive than term life because they also have a cash value component. Part of each monthly or annual premium goes to the insurance company, and part of it goes toward
It’s officially summer, which means most of us probably have a wedding or two coming up before Labor Day. You can go the gift registry route, the honeymoon registry route, or the good ole cash in an envelope route. The latter is increasingly popular, but is there an agreed upon right amount to give? (Generous
Now that college graduation season is here, parents and their young adult kids are coming face-to-face with the key post-graduation financial question that will impact them for years: Who pays for what after the college degree? That’s really a bunch of questions all rolled into one: Is it reasonable to continue providing financial support to
Children are capable of more than we give them credit for. Adults often think of investing as a difficult topic, because it was difficult for them to learn at age 30 or 40, but children are so much more moldable and teachable. As parents, we’ve got to use that. Sometimes it means raising your expectations,
Twenty-seven percent of Americans are concerned about their parents’ financial security in retirement, and they are twice as likely to lack confidence in their own retirement prospects as those who are unworried about their parents, TIAA reported this week. This finding was based on an online survey conducted by KRC Research in February among 1,003