Posted on: Thursday, May 10th, 2012 by jcliff

Until recently, there have been four main categories of life insurance available: term, whole, universal, and variable.  There are benefits and disadvantages to each, but by weighing them, along with personal situations and goals, a person can purchase a policy that suits their needs and provides financial protection for their loved ones.  But, like any other industry trying to make it in our current economy, product developments in life insurance are crucial, in order to keep up with the demands and desires of consumers.  Many people are interested in low-cost death benefits, flexibility with their …

Posted on: Tuesday, March 20th, 2012 by jcliff

If you were one of many people who bought a universal life insurance plan in the 1980’s or 90’s, you might want to revisit your policy.  According to the ABC affiliate out of Cedar Rapids, Iowa, KCRG, there is a very real possibility that your policy could lapse, leaving you and your loved ones empty handed.  The article, “Your Life Insurance Policy Could Expire Before You Do,” by George C. Ford, blames the bad stock market and extremely low interest rates for the collapse.  When policies were purchased in this time frame, the prime …

Posted on: Thursday, December 8th, 2011 by jcliff

Metropolitan Life Insurance is one of many insurers offering a flexible option for life insurance.  For MetLife specifically, the name of their unique plan is called Variable Universal Life Insurance.  According to their website, this is a form of permanent life insurance that offers flexible terms and more investment opportunities.

MetLife’s Equity Advantage Variable Universal Life insurance policy offers their customers the chance to capitalize on everything one can gain in life insurance.  The terms are flexible and can change within limits to meet individuals’ needs.  The death benefit, timing and the amount of premiums …