Life insurance pays a death benefit to your beneficiaries when you die. AD&D insurance pays a lump sum if you suffer an injury or die due to a cause specified in your policy, such as a loss of a limb ...

Term life insurance offers affordable coverage for a set period — here's how it works and when it makes sense to buy a policy ...

Advertising disclosure: When you use our links to explore or buy products we may earn a fee, but that in no way affects our editorial independence. Permanent life insurance will pay a death benefit no ...

The IRS continues its war on captive insurance through its annual announcement that microcaptive insurance companies remain on the Dirty Dozen list. Yet, the IRS declines to adhere to a coherent ...

Learn how retrospectively rated insurance adjusts premiums based on actual losses, the benefits it offers, and how it ...

An insurance policy is a contract between a policyholder and an insurer that helps the policyholder manage risk and protect against unexpected financial losses. The policyholder may be an individual ...

Stranger-owned life insurance involves buying a policy on someone you don't know and is generally illegal. Learn why this ...

Whole life insurance, by definition, covers you for your entire life, as long as you pay the premiums. It is sometimes referred to as "guaranteed whole life insurance," because companies promise to ...

Les Masterson is a deputy editor and insurance analyst at Forbes Advisor. He has been a journalist, reporter, editor and content creator for more than 25 years. He has covered insurance for a decade, ...

Advertising disclosure: When you use our links to explore or buy products we may earn a fee, but that in no way affects our editorial independence. Most term life insurance is level term, meaning that ...