How does life insurance work?
Policyholders pay premiums for a life insurance policy. If the policy is in effect when the person dies, the life insurance company pays a death be...
Which is better: term or whole life?
When it comes to term life vs. whole life insurance, the better choice depends on your specific goals. For example, if you’re looking for life insu...
What kinds of death are not covered by life insurance?
Life insurance generally covers all types of death, whether it’s from illness, injury or old age. Even death by homicide and drug overdoses is cove...
Can I buy life insurance on someone else?
You can purchase life insurance on someone else, such as a spouse or a parent, as long as you have an “insurable interest” in that person. That mea...
What is underwriting?
Life insurance underwriting is the process insurers use to decide whether to offer someone a policy and how much to charge. A full underwriting pro...