Can you carry a child rider on term life insurance?

Answer Child riders are available on many term life insurance policies. A child rider will add an eligible child to a parent's term life insurance policy, providing coverage until the child reaches a cert... Read More »

Top Q&A For: Can you carry a child rider on term life insurance

What is the difference in whole life insurance&term life insurance?

Life insurance pays a defined benefit amount when the policyholder dies. Term life insurance pays if the death occurs during the term of the policy--a predetermined number of years. Whole life insu... Read More »

What is term life insurance and whole life insurance?

Term life and whole life insurance are two types of policies that provide a financial benefit when the insured passes away. Both life insurance policies have advantages in costs and protection that... Read More »

Can you switch from whole life to term life insurance?

It is possible to switch from whole life to term life insurance. Whenever you change your life insurance policy, you may increase the amount you pay. New health issues or age may influence the eval... Read More »

Are life insurance proceeds payable under an accelerated benefit rider tax-free?

According to the IRS, life insurance death benefits are not taxable. Accelerated benefits are still considered death benefits, even though the insured is still alive. If you are the beneficiary a... Read More »