Life Insurance Riders Current Rates, News & Information

Long-Term Care Insurance Riders: Joint Waiver of Premium

Posted in Life Insurance , Life Insurance Riders

May 11th, 2009
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To many people, the idea of being old and without the means to properly care for yourself is very distressing and anxiety-provoking. To be infirm, dependent on walkers and possibly in need of help maintaining your basic, private hygiene is a very uncomfortable thought. Add to it the idea that you don’t have the cash to pay for the support you need, and now you can easily see yourself as a burden to the rest of your family. And if you don’t have any family, then that raises the question of what your options will truly be. To prevent such a distressing scenario from ever materializing, many people buy long-term care insurance. They will also add all kinds of supplemental care to it, in the form of specific riders. You’ll be paying extra for these riders, but to say they’ll come in handy if and when you need them is an understatement. One such long-term care insurance rider is the joint waiver of premium.

What is a Survivor Annuity?

Posted in Annuity , Life Insurance , Life Insurance Riders

April 23rd, 2009
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If you are in the process of planning your retirement, you are probably now considering things you never thought you would. One such question may be, “What is survivor annuity?” Survivor annuity is a type of annuity that provides participants a source of fixed income every month. Typically, spouses opt into survivor annuity plans and when one of the partners die, the other will continue to get a check in half of the fixed amount for the rest of their life.

Why Do I Need Life Insurance Riders?

Posted in Life Insurance , Life Insurance Riders

April 21st, 2009
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Life insurance is a necessity for those who find that others are reliant on them for financial support. Whether you are choosing from permanent life insurance coverage or term life insurance, the policies you will first be presented are fairly typical. However, there are life insurance riders that can be added to the standardpolicy provisions that can help you, the policyholder, customize your insurance and get additional benefits that are not automatically listed in the original contract.

What is an Annuity Forfeiture?

Posted in Annuity , Life Insurance , Life Insurance Claims , Life Insurance Riders , Permanent Insurance , Term Insurance

April 20th, 2009
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Planning for retirement is crucial to ensuring that you will be able to provide yourself with a level of comfort when you are no longer working. One such investment tool many utilize to ensure a steady cash distribution is by arranging an annuity with a life insurance company. Individuals make a contract with an insurance company where the individual pays regular premiums until a set date that the annuity starts providing the policyholder with payouts. Annuities can be a good investment tool, but in some circumstances a pure life annuity can result in a forfeiture of investments.

What is a Pure Life Annuity?

Posted in Annuity , Life Insurance , Life Insurance Claims , Life Insurance Riders , Permanent Insurance

April 17th, 2009
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Retirement planning is an essential task everyone must pursue in order to provide a level of financial comfort for themselves. One investment tool that is commonly used are annuities, where you pay a premium over an extended period of time in order to collect cash benefit payments at a later date. A pure life annuity follows that basic structure,and offers either fixed or variable payments until the annuitant perishes. At that point, the payment cycle is terminated.

Mortgage Protection Life Insurance

Posted in Life Insurance , Life Insurance Riders

April 2nd, 2009
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Many people have concerns about what will happen to the balance of their mortgage in the event of an untimely or accidental death. With mortgage life insurance, your mortgage will be covered and your family will have one less thing to worry about in the event of your untimely demise.

There are two basic types of mortgage life insurance that you can purchase: decreasing term insurance, and level term insurance. The type you choose will depend largely on what kind of mortgage you have.