Lender Requirements: When Banks Mandate Collateral Assignment on Business Loans For small business owners seeking commercial financing, the bank often requires additional security beyond the business assets. In many cases, the bank will require the…
The Role of Medical Ratings in Permanent Life Insurance Pricing (Substandard vs. Preferred) The premium for any life insurance policy, including Whole Life, is heavily determined by the applicant’s medical risk classification (or "rating"). Understanding…
Reduced Paid-Up Option: Preserving Permanent Coverage Without Premiums The **Reduced Paid-Up (RPU)** option is one of the non-forfeiture options available to Whole Life policyholders who decide they can no longer afford the premiums but want…
The Risk of Lapse in Indexed Universal Life (IUL): Beyond the 0% Floor While Indexed Universal Life (IUL) promises protection with a 0% floor, policyholders must be aware that the 0% floor only protects the…
Evaluating Whole Life’s Break-Even Point: When Cash Value Equals Premiums Paid A common question asked by prospective Whole Life policyholders is: "When does the cash value equal the total amount of premiums I have paid?"…