Understanding the Role of a Beneficiary A life insurance beneficiary is an individual or entity designated to receive the death benefit from a life insurance policy upon the insured’s passing. Selecting the right beneficiary is a critical decision, as it ensures that the policyholder’s financial intentions are honored and the benefits are distributed as intended. … Read more
“`html Introduction to Variable Life Insurance Variable life insurance is a type of permanent life insurance that offers a unique combination of protection and investment opportunities. Unlike term life insurance, which provides coverage for a specified period, variable life insurance remains in effect for the insured’s entire lifetime, as long as premiums are paid. One … Read more
“`html Introduction to Life Insurance Life insurance is a pivotal financial product designed to provide monetary protection to beneficiaries upon the policyholder’s death. At its core, life insurance is a contract between an individual and an insurance company. The individual, known as the policyholder, pays regular premiums to the insurer. In return, the insurance company … Read more