Life Insurance and Financial Planning: How They Work Together

The Role of Life Insurance in Your Financial Plan Insurance’s Role in Your Financial Plan Insurance is one of life’s necessities and probably the least-understood financial product. Insurance reimburses people for covered losses in the event of an unfortunate occurrence such as an illness, accident, or death. At the same time, it can encourage prevention…

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Life Insurance Illustration (Terms Explained)

Here in my left hand is a mirror, in my right hand… Smoke. A life insurance policy “illustration” is a set of projections, prepared by the actuarial department of the insurance company. It shows how your policy will perform over your lifetime. It includes financial projections for each year. If it’s a term policy, the…

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Permanent Life Insurance

Buying permanent life insurance is one of the best decisions you can make for your family if you suddenly pass away. Regardless of the policy, life insurance can help your beneficiaries pay for your funeral and burial costs. They may even receive a lump sum in the event of your death. However, not all life…

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