≡ Menu

≡ Menu

Types of life insurance

Universal Life Insurance Pros and Cons

Most articles about life insurance discuss two basic policy types:  term life and whole life.  And, for a long time, those were the only options. Beginning in the 1980s, though, a new form of permanent life insurance came on the scene—universal life (or “UL”).  UL often gets left out of the conversation, probably because it’s […] Read more

At IBUSA, we are not married to any one type of life insurance and we certainly do not always recommend you “Buy term and invest the difference.” Why is that, you may ask. The main reason is, we are not trying to sell you a quick and easy term insurance policy and move on to […] Read more

Life Insurance Policy Definition: A contract between two parties, the owner and insurer, where the owner promises to pay a premium to the insurer, in return the insurer promises to pay a death benefit to the owner’s beneficiary upon the death of the insured. There are various types of life insurance policies, but the two […] Read more

Limited pay life insurance is a great asset that is often used by those interested in infinite banking or using it for a life insurance retirement plan. You see, one huge advantage of whole life vs other permanent life insurance products is fixed premiums. When you buy a policy, you know that, no matter how […] Read more

Whole life insurance is a versatile financial asset.  You get the death benefit that usually comes to mind when most people think of life insurance.  And you also get whole life’s interest-earning cash value component. These dual benefits let a single policy serve as both a financial backstop in case of death and a tool […] Read more

Indexed Universal Life Insurance

At IBUSA, we specialize in helping people get covered as quickly and easily as possible, even if that coverage happens to be IUL insurance. Thanks to many companies moving towards no exam life insurance, it is possible to qualify for an indexed universal life insurance policy without having to take an exam. Which is great […] Read more

When comparing whole life insurance to term, some publications and financial gurus get hung up exclusively on price.  Price is, of course, a completely legitimate consideration. But it doesn’t tell the entire story because whole life and term life are fundamentally different products and, frankly, whole life provides benefits going far beyond the conditional death […] Read more

AT IBUSA, we work with companies that offer both term and permanent covarage, because the best life insurance company for you will depend on your needs, based on your unique goals and objectives. In the following article we will define permanent life insurance AND offer various instances when it makes sense to choose permanent life […] Read more

All participating life insurance is whole life insurance, but not all whole life insurance is participating life insurance. Participating Life Insurance allows you to participate in the ownership of the company and share in the profits through dividends. Non-Participating Life Insurance is the opposite, allowing zero ownership, no voting rights, and no share of profits […] Read more

For most people, term life insurance is going to be the best choice. It is inexpensive and easy to understand, and it does what it is supposed to do, provide a death benefit payout to a beneficiary if the insured dies prematurely. But term life is but one of the different types of life insurance […] Read more