Living benefits are now being built into a lot of term and permanent life insurance policies. Examples of these “living benefits” are:  Terminal Illness – doctor says you have two years or less to live  Chronic Illness –…

Guaranteed Level Term life insurance is generally a low-cost option that’s designed to provide pure death benefit protection for a set period of time. The policyholder pays the premiums and if they die while the policy is in effect, their…

If you haven’t figured it out yet, it’s called life insurance because it is based on someone’s life. This person is commonly referred to as the “insured”, which is fancy terminology for the person the insurance company is betting on…