Bought a Home? When a New Mortgage Should Trigger a Life Insurance Review
Buying a home creates a long financial obligation, so it is a sensible time to review life insurance—not because coverage must equal the mortgage,…
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Editorial articles, practical insurance explainers, and updates from the PolicyRoutes research desk.
Whole Life vs. Universal Life Insurance
Whole life and universal life are both forms of permanent life insurance, but they distribute guarantees and flexibility differently. Whole life emphasizes fixed premiums…
Read →Term Life Insurance vs. Accidental Death Insurance
Term life insurance generally pays a death benefit when the insured dies during the covered term, subject to the policy’s exclusions and conditions. Accidental…
Read →Guardian Life Insurance Research
Guardian’s current individual life materials cover term, whole life and universal life, with extensive consumer explanations of conversion, cash value, riders and beneficiary mechanics.…
Read →MassMutual Life Insurance Research
MassMutual’s current life-insurance materials span term, whole, universal and variable universal life products. Its disclosures also provide unusually detailed information about underwriting practices. Consumers…
Read →What Happens to a Life Insurance Claim If the Policy Lapsed?
A life insurance death claim depends first on whether coverage was in force on the date of death. A missed premium can trigger a…
Read →Life Insurance Claim With Competing Beneficiaries: What Happens
A life insurer has to pay the proper beneficiary under the policy and applicable law. When beneficiary designations conflict, ownership changed, divorce or trust…
Read →Converting Term Life Insurance to Permanent Coverage
A term-conversion privilege can let an eligible policyholder exchange some or all term coverage for a permanent policy without a new medical exam, but…
Read →Life Insurance Contestability Period Explained
The contestability period is an early-policy period during which the insurer can closely review the application and policy facts when a claim occurs. It…
Read →Life Insurance Underwriting Explained
Life insurance underwriting is the process an insurer uses to evaluate an application and decide whether to offer coverage, at what classification and under…
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