Archive for the ‘Life Insurance by State’ Category

Minnesota Term and Universal Life Insurance

Minnesota Life Insurance Resources Universal Life (UL), also called “Flexible Premium Adjustable Life Insurance,” entered the Minnesota Term and Universal Life Insurance market in the early 1980s as a more flexible version of Whole Life Insurance. Like Whole Life, UL features a savings element that grows on a tax-deferred basis. A portion of your premiums […]

Iowa Term and Universal Life Insurance

Iowa Life Insurance Resources Universal Life Insurance allows you to choose from two death benefit options. Option A pays the death benefit out of the policy’s cash value; the more cash value you build up means the company is on the hook for less insurance (and therefore costs less). Option B pays the face amount […]

Mississippi Term and Universal Life Insurance

Mississippi Life Insurance Resources Survivorship Policies Survivorship life insurance insures two people, usually a husband and wife, and provides a death benefit to the beneficiaries at the death of the second insured. These plans are primarily designed to provide cash for estate taxes or for business costs that must to be paid after both insureds […]

Kentucky Term and Universal Life Insurance

Kentucky Life Insurance Resources When you use Kentucky Term and Universal Life Insurance to replace income for your survivors, you might need to replace that income for a lifetime. If the surviving family was a two-income family, it takes time to adjust to one paycheck. If the insured was the sole wage earner with young […]

Louisiana Term and Universal Life Insurance

Louisiana Life Insurance Resources The underwriting requirements for Louisiana Term and Universal Life Insurance vary among companies. Some life insurance applicants may simply need to answer questions on an application taken by an agent. Or, they might need to take a brief medical exam. The Paramed exam generally includes a blood test, urine test, an […]