Why It’s Smart To Buy 25-Year Term Life Insurance

You might have already heard of term life insurance policies with a 20 or 30-year term, but have you heard of a 25-year term life insurance package? Most insurance providers offer life insurance plans with terms of 10, 20, or 30 years. However, some companies offer even more flexibility with Read More »
life insurance myths

10 Common Myths About Life Insurance

Life insurance can be extremely confusing. Naturally, a lot of myths surround it. Even term life insurance policies have several elements that must be carefully considered before you can arrive at the right type and amount of coverage. Determining how much coverage you need and why can be a thought-intensive Read More »

Most People Unaware That Life Insurance Lowers Taxes

Wouldn't it be great if there was a product that you could invest your money into and it could grow your money tax-deferred, provide you with tax-free income, and either negate or offset estate taxes?  There is a product out there, but most people don't know how it works. This product Read More »

Life Insurance Taxation Survey

Over the past month, Life Ant commissioned a survey to find out if people were aware of the distinct tax benefits of life insurance.  We didn't expect to find the vast majority of people to be aware of life insurance taxation, but what we found was a little surprising. As Read More »

The Difference Between Participating and Nonparticipating Policies

A participating life insurance policy is a policy that receives dividend payments from the life insurance company.  It is called participating because it is entitled to share or "participate" in the surplus earnings of the life insurance company.  A nonparticipating policy does not have the right to share in surplus Read More »
risk appraisal

The Life Insurance Risk Appraisal Process

When a life insurance application reaches the desk of a life insurance company, it is sent to the underwriter (where the risk appraisal process begins). Risk appraisal usually involves selecting insurance applicants who meet the standards of insurability and then assigning them to the suitable risk classes. This process is Read More »

Life Insurance for Women

Women need life insurance just as much as men need life insurance.  Unfortunately, women are not insured at as high of rates as men.  More women are breadwinners of their families than ever.  Even those who do not work often provide valuable childcare or other domestic services.  If a woman Read More »
life insurance rates

How To Get The Best Life Insurance Rates

Shopping around for life insurance can be time consuming and intimidating. There are so many options out there from a myriad of insurers. Just because the process is daunting, however, you should not be scared away. Good, affordable life insurance policies can be found, and often times, they are just a Read More »
business owners insurance

Considerations For Business Owners When Buying Life Insurance

Most people buy life insurance to protect their loved ones from financial hardship. Business owners, on the other hand, must consider other aspects of life insurance. Being prepared in the event of your premature death will provide future financial support for those involved in your business. How Can Life Insurance Read More »

Disability Income Rider Explained

A disability income rider is a very valuable add-on available to policy owners when they purchase a life insurance contract.  A disability income rider provides financial protection to the owner of a life insurance contract that a disability will often incur.  It does so in a couple of ways (potentially depending Read More »

How Variable Universal Life and Universal Life Insurance Are Different

Variable universal life insurance and universal life insurance are two very different products.  While both function similarly in terms of the flexibility of premium payments, cash value accrual account, and changes in premium payments, the difference lies in the way the cash value account earns money.  While a universal life Read More »

How To Save Money On Taxes With Life Insurance

Life insurance is more useful than many people realize when it comes to saving money on taxes.  This is because life insurance enjoys special tax benefits that other forms of investments do not receive.  Not only is the death benefit normally paid free of any taxes to the beneficiaries, but owners Read More »

How Does Obamacare Affect Your Life Insurance Coverage?

Obamacare, also known as the “Affordable Care Act”, has been met with its fair share of controversy. Although the ACA helps mainly in providing affordable health insurance, its effects on life insurance coverage must also be considered. Obamacare’s requirements on individuals and employers, for example, may affect your ability to Read More »

How To Make Money On Variable Universal Life Insurance (VUL)

Variable universal life insurance is a tricky product.  There are a lot of features of this complicated product, some of them are beneficial to the consumer and some are not.  Making money on a variable universal life insurance policy depends upon understanding how this insurance policy works, what to avoid Read More »

How Much Life Insurance To Buy After A Child Is Born

When you are a parent, you know that you need life insurance.  What is less obvious is how much you need, and how long you need the coverage to last.  There are so many options when it comes to life insurance that it can be very overwhelming, especially for a Read More »

Understanding A Whole Life Insurance Illustration

A whole life insurance illustration can be complicated for people who are not familiar with life insurance.  The illustration shows a lot more about your insurance than the amount of money that you need to pay.  Not only does it show the annual cost of your insurance, but the illustration Read More »

Why Term Life Insurance Is The Cheapest Form Of Life Insurance

Term life insurance is, when judged by the annual premiums, the most affordable kind of life insurance by far.  But why is it so much less money than whole life insurance and other forms of permanent life insurance?  Is the coverage less valuable?  Will the insurance coverage still pay out, Read More »

Choosing The Right Length For Term Life Insurance

Term life insurance gives owners a lot of flexibility regarding how ,many years that the coverage is guaranteed to last for.  On the shortest end of the spectrum, level term policies are available starting at 5 years in length, and annually renewable policies can be used for even shorter periods of Read More »

Choosing A Life Insurance Beneficiary

After you get married, have kids, or buy a house, you may realize that you need life insurance.  You may know that you want your family to be financially secure if something happens, and you know that you want to preserve the house and your spouse's retirement.  You may also Read More »

Term Life Insurance Vs. Universal Life Insurance

Life insurance can be very confusing.  There are different types of policies that work in very different ways.  Some policies have cash values, and some do not.  Some policies pay dividends, some pay interest, and some invest the cash value in variable sub account funds.  Each policy has different expenses, features, Read More »

High Risk Life Insurance Policies

Many people who have experienced a serious health condition such as cancer, a heart attack, or a stroke may be denied life insurance coverage through traditional means.  Luckily, it is not impossible for these people to obtain life insurance coverage.  While major companies will take on a small amount of Read More »

Cashing Out A Whole Life Policy For Term

For most people, surrendering a whole life insurance policy for a term life insurance is a good idea.  Term life insurance provides the same death benefit as whole life insurance for a tiny fraction of the cost.  While there are benefits to whole life insurance that are not available with Read More »

Life Insurance Is Getting Cheaper for People Over 70

Life insurance is now more affordable than ever for people over 70, according to the results of a survey regarding the costs of new policies.   The price of a new term life insurance policy for seniors has dropped considerably in recent years, allowing even people over 70 years old Read More »

Coffee Drinkers Beware! You’re Paying More For Life Insurance

Bad news coffee drinkers.  Despite some findings that coffee does not affect health adversely, a survey of 1000 coffee drinkers and non coffee drinkers who own life insurance, commissioned by Life Ant, has found that on average, the coffee drinkers are paying more for their life insurance than their non Read More »
life insurance for your parents

Life Insurance For Your Parents

As an adult, you may be financially stable. However, the death of a parent could cause a significant financial burden.  Due to increased life expectancies for the elderly, in recent years the number of adults who are over the age of 45 that are caring for elderly parents has increased. This Read More »
life insurance for diabetics

Best Life Insurance Options For Diabetics

When it comes to pricing a life insurance policy, most people understand that the insurance company will determine the person’s premium rate based on the risk the company feels it is taking to provide the policy. A person that is diagnosed with diabetes may be frightened of what their life insurance premiums will Read More »

Millennials Not Buying Life Insurance

After a survey we conducted on our site regarding millennial life insurance purchasing habits, we at Life Ant have concluded that the millennial generation is largely avoiding purchasing life insurance.  While historical purchase rates of life insurance by people in their 20's are not available, after consulting with industry experts Read More »
life insurance after heart attack

Buying Life Insurance After A Heart Attack

If you have survived a heart attack, you may find that it is tough to find a life insurance policy. However, it is important to know that it is not impossible. In the United States, heart disease is the number one cause of death and many of those who survive are Read More »

Travel Life and Accident Insurance

Life Ant is pleased to offer travel life insurance.  Travel life insurance, also called travel accident insurance, provides protection from a loss that occurs specifically if the insured person is killed (or injured depending upon the policy) while taking some form of transportation.  Travel life insurance is a great way Read More »

5 Reasons the IRS Hates Life Insurance

Besides protecting the financial security of families and other dependent people from a person's death, life insurance is also a fantastic way to pass along money while avoiding paying taxes on it.  The tax advantages do not end there though.  Many people may have heard that life insurance proceeds are not usually Read More »
Life Insurance Types Explained

Life Insurance Types Explained

For people new to life insurance, the information surrounding buying a life insurance policy can all be very confusing.  Most people must place a lot of trust in their life insurance agent, and hope that the agent has their best interests at heart.  Fortunately, most of the agents out there Read More »

New Mothers Are Severely Lacking Life Insurance Coverage

After a look  at what amounts of people of different ages of people use life insurance,  a survey conducted by Life Ant has found that new mothers are woefully under-insured.  According to the survey, Life Ant has found that less than 20% of new mothers under 30 have life insurance coverage.  Even more Read More »

The Basics of Annuities

An annuity is an investment sold by life insurance companies.  An annuity is a contract between an owner and the insurance company in which the owner pays money to the company in exchange for a guaranteed stream of income to an annuitant, usually for the rest of their life.  People Read More »

Children’s Life Insurance Explained

Not many people think of children and life insurance together, but buying life insurance for a child is actually very common.  There are a number of advantages to getting an insurance policy on your child or grandchild's life.  Life insurance can give a child a head start on saving while Read More »

Should You Buy Term and Invest the Difference?

The popular refrain among television pundits giving viewers advice about life insurance is always to "buy term and invest the difference".  "Whole life insurance is a ripoff!" they shout.  But is this really good advice for everyone?  Read on and LifeAnt will cut through the noise and help you to Read More »

Marijuana Users Discriminated Against By Life Insurance Companies

Despite a lot of strong evidence suggesting that marijuana is at least as effective as prescription medication for a number of ailments, life insurance companies punish people who use this natural remedy.  Even though marijuana use is extremely ubiquitous in modern America, the companies use archaic underwriting techniques for users Read More »

Save Money With Modified Coverage Life Insurance

Modified coverage is a less expensive form of life insurance which is unlike a traditional coverage life insurance policy because the death benefit changes over time.  Typically, the amount of coverage will decrease over time, which corresponds to a reducing need for coverage.  An example would be mortgage insurance, where Read More »

Modified Premium Whole Life Insurance Explained

Modified premium whole life insurance is very similar to basic traditional whole life insurance.  The difference between the two products lies in the premium structure of the contracts.  In a traditional whole life insurance policy, premium payments are flat through the life of a policy.  With a modified premium whole Read More »

What Is The Law Of Large Numbers

The law or large numbers is a statistical principal relating the accuracy of a past observed probability of an event taking place being able to predict a future probability of the same event.  This law is used in the life insurance industry to predict the likely amount of deaths that Read More »

What Is Life Insurance?

Life insurance is a way to transfer the financial risk of someone passing away from the beneficiaries and heirs to the life insurance company.  A life insurance policy is a contract between the owner of the policy and the insurance company which promises to pay a stated death benefit upon Read More »

How To Use Life Insurance As An Investment

Many people know that life insurance can provide protection from the financial risk of an early death, but fewer people realize that life insurance can actually simultaneously be an excellent investment as well.  During a policy owners life, a life insurance policy can accrue a very large cash value.  The Read More »
How To Get Life Insurance Quotes Without A Medical Exam

How To Get Life Insurance Quotes Without A Medical Exam

A medical exam is not needed to obtain a life insurance quote in most cases.  Life Ant will compare quotes with only basic information, and an estimate of current health.  Life insurance costs do depend in part on the assigned health rating, which is determined through a full medical exam Read More »

Will A Life Insurance Agent Compare Insurance Quotes

Life insurance agents may have the ability to compare life insurance quotes from different providers, but they also may not.  There are different kinds of agents, and every agent to some extent has a conflicting agenda with their clients.  The client's agenda is to get the least amount of life Read More »

What Is Surrender Value

Surrender value refers to the amount a life insurance contract is worth after any charges and fees from the insurance company, if the contract is fully surrendered (terminated early with value remaining). This is not necessarily the same as the cash value, which is calculated before any fees are taken Read More »

Reinstatement Of Life Insurance

Reinstatement is the term for making a life insurance policy active again after it has lapsed.  Reinstatement only happens after the grace period has ended, and the life insurance contract is no longer in force.  The ability to reinstate a policy is not guaranteed by law, so the availability of Read More »
owner of life insurance policy

What Is an Owner’s Role in a Life Insurance Policy?

The owner of a life insurance policy is the person who has control over all of the policy's rights. These rights include the right to change beneficiaries, the right to transfer ownership to another party, and the right to make material changes to the life insurance policy. Material changes may Read More »
Universal Life Insurance

Universal Life Insurance

Universal life insurance is a permanent form of life insurance like a whole life insurance policy but is meant to provide the ability for a  higher internal rate of return on the policy like a variable universal life insurance policy, but without bearing the risk of market exposure. A universal life Read More »

Life Insurance Health Rating

Almost every insured person in a life insurance contract has gone through the underwriting process of an insurance company.  The purpose of underwriting is to attempt to assess the probability that the insured will die at a normal or premature age, and what the life expectancy of the insured person Read More »