19 articles
Page 2 of 2 of our guides about life insurance: plain-English explainers, worked examples and tips for comparing insurance coverage.
A contingent beneficiary receives the money if the primary one cannot. Naming one takes two minutes and it is the difference between a three-week payout and a year in probate.
AD&D insurance (accidental death and dismemberment) pays only for accidents, which cause a small minority of deaths. What it covers, AD&D vs life insurance, basic life and AD&D at work, and when it is worth having.
IUL credits interest linked to an index, with a floor that protects you and a cap that limits you. Understanding the second is what separates the illustration from reality.
A life insurance death benefit is normally income-tax free. The situations that change that, from interest on a delayed payout to estate tax and policy loans.
There is no limit on how many life insurance policies you can hold. Why laddering beats one big policy, and who you are legally allowed to insure.
Whole life costs roughly twelve times term for the same benefit. Worked examples of where the money goes, when permanent cover genuinely fits, and how to decide.
How to size a life insurance policy with the DIME method, who actually needs cover, worked examples of what delay costs, and how to buy without overpaying.
