What Is Reduced Paid-Up Insurance?
admin Key Takeaways Reduced paid-up insurance is only available for permanent life insurance. It is not an option with term life policies because they have no cash value. With reduced paid-up…
How to Transfer or Build Wealth With Life Insurance
People are always looking for ways to make more money or build wealth. Life insurance is one way to build wealth easily by using a life policy as part of…
What Is Private Mortgage Insurance (PMI)?
Definition and Example of Private Mortgage Insurance Private mortgage insurance has been a component of some home loans since 1957. It effectively guarantees the lender that its loan will be…
What Is Pay-Per-Mile Insurance?
Pay-per-mile insurance is a type of auto insurance in which your premium amount is based on the number of miles you drive. It’s best for people who don’t cover much…
Why You Should Avoid Car Insurance Gaps
When your budget is tight, you may be tempted to cut corners wherever you can. Auto insurance may be one expense you might consider letting it go, but car insurance…
Is Massage Therapy Covered by Insurance?
Massage therapy can have many medical benefits. It can relieve muscle tension, improve circulation, and help with pain relief, stress, and anxiety. Massage therapy is considered part of complementary and…
What Types of Car Parts Are Used in Insurance Claims?
When you file a car insurance claim following an accident, the insurance company will give you a detailed repair estimate. Although providers must pay for covered losses, they employ different…
What Is Indexed Universal Life (IUL) Insurance?
Indexed universal life (IUL) is a type of permanent life insurance wherein interest credited to the cash value component is linked to a market index, such as the S&P 500.…
What Is an Experience Letter for Insurance?
Key Takeaways An experience letter is written by an insurance company that has insured you in the past. It’s much like a letter of recommendation. You often won’t need a…
Facts About Medicare Supplemental Insurance Benefits
If you are a senior on Medicare, you probably already know that it does not provide all the health insurance coverage you need. Many people consider buying a Medicare supplement…