Whole Life Insurance vs. Term Life Insurance
The three most important forms of whole life insurance are traditional whole life policies, universal life insurance and variable life insurance. With any of these policies you can lock in the same monthly payment over the life of the policy.
Life Insurance Industry History
The American Life Insurance Industry can be traced back to the late colonial period. In Philadelphia and New York the Presbyterian Synods started the Corporation for Relief of Poor and Distressed Widows and Children of Presbyterian Ministers in 1759. This was the first-ever life insurance company.
By 1769 the Episcopalian ministers had organized a similar fund. [...]
Transferring Life Insurance To Lower Estate Taxes
Federal estate taxes will affect your estate if it is worth more than $2 million at the time of your death. One way to lower your beneficiaries’ estate taxes is to transfer the ownership of your insurance policy. This works especially well if you have Afforable Life Insurance.
Owning your own policy adds the amount [...]