Life insurance is one of the most powerful financial tools available, yet many people misunderstand its benefits, costs, and ...

Both IULs and 401(k)s can offer investment value but represent very different products — particularly because only indexed universal life insurance provides a death benefit. A 401(k) can work ...

Universal life insurance offers permanent coverage with a unique twist—flexibility. Unlike other policies that lock you into fixed premiums and set death benefits, universal life insurance ...

Universal life insurance offers a lot of flexibility and the benefit of cash value. Compared to whole life insurance, it’s usually easier to make changes and costs significantly less.

Reviewed by Ebony Howard Fact checked by Vikki Velasquez Once you decide to buy life insurance, the next step is to determine ...

Whole life, universal life, and variable life are the main products, and other permanent life insurance policies are variations of the three. They all have death benefits and a cash value ...

However, it is important to know that if you decide to withdraw or borrow against your policy, you will be reducing your death benefits. If you have an indexed universal life insurance plan ...

Standout benefits: You can convert a term life insurance policy into whole life with no underwriting or medical exam. State Farm offers nearly a dozen term, whole, and universal life insurance ...