A life insurance policy may be used as collateral to secure a loan. If you die before the loan is repaid, the lender will be repaid from the policy’s death benefit proceeds before beneficiaries can ...

As a former claims handler and fraud investigator, Jason Metz has worked on a multitude of complex and multifaceted claims. The insurance industry can be seemingly opaque, and Jason enjoys breaking ...

Learn how to calculate the face value of a life insurance policy and discover factors that might influence changes in this value for your beneficiaries.

Life insurance provides financial benefits to a designated party after your passing. The beneficiary named by the policy can be an individual, estate, trust or organization. You can name multiple ...

Life insurance is an essential financial tool that provides protection and financial security to your loved ones in case of your death. By purchasing this type of policy, you're ensuring that your ...

You can have more than one life insurance policy, but how many may depend on the total coverage amount. Having more than one life insurance policy can help you meet changing coverage needs, like the ...

Permanent life insurance generally provides coverage for your entire life and builds tax-deferred cash value. There are several types of permanent life insurance, including whole life insurance and ...