Are you considering life insurance? If so, thinking about the different types of insurance policies can seem overwhelming. Freedom Life Insurance is here to help answer all of your questions.
The first step in this important decision is to understand your options and determine which type of Freedom Life Insurance best suits your needs.
There are two categories of life insurance policies. The first is permanent life insurance. It is called permanent because, as long as the premiums are paid, the insurance will remain in effect for as long as you live. The premium is typically higher than a term life insurance policy but stays the same through the years. Additionally, there is a savings component in which funds accumulate on a tax-deferred basis. This cash value increases as time goes by. In the future, you will be able to borrow this money for whatever purpose you would like. It can be used to reduce premiums, so your policy will essentially pay for itself. The money can also be received as cash regardless of your credit or ability to repay promptly. The policy death benefit is the collateral for the policy loan.
The second is term life insurance. Term life is insurance for a specific amount of time, for example, 10, 20, 30 years. The initial premium is lower than a permanent policy making it ideal if you need a sizable amount of insurance on a limited budget. Typically these policies pay the death benefit if you pass away within the specified term. Coverage stops at the end of the policy term but can be renewed or converted to permanent life insurance and a medical examination may be required. Term policies usually do not include a savings component that builds equity.
There are many factors to consider when making your decision about life insurance. Contact an agent from Freedom Life Insurance today to help guide you to the right insurance at the right price for you.
Whitney Wolfe Herd is now married to Michael Herd! Whitney Wolfe Herd is the founder of Bumble. Bumble is one of the most popular dating apps, and now its founder and CEO has married herself. Now, if you need to know, then the answer is no, they did not meet on Bumble or online. They met in real life, but Whitney Wolfe Herd continued to stay true to the Bumble model of women taking the lead. When using Bumble, the woman has to make the first move and message the man first. Whitney Wolfe Herd met Michael during a vacation. She was skiing, and he was not. She wondered why he was just sitting there, so she went over to him to find out. It turns out that he did not know how to ski, so she taught him how. They grew closer until he eventually proposed to her on horseback while the sun was setting. They eventually had an epic wedding in the South of Italy. It was a whirlwind of excitement for all of them.
Forbes just called Bumble “Billion Dollar Bumble,” and they did so for a reason. Bumble has over twenty two million users. It has a unique appeal because it has literally created a revolution in the world of online dating. Instead of men usually being the ones to message first, on Bumble, after two people swipe right and like each other, the woman has twenty four hours to start the conversation. Of course, for same sex couples, that does not apply and both can start the conversation first.
By using this method, Bumble is able to empower women on dating apps. That was the goal of Whitney Wolfe Herd. This year, Bumble is doing around one hundred million dollars in sales this year, and it is expected that next year, they will do around two hundred million dollars in sales. Bumble is actually free to use, but there are certain in-app purchases that users can get for a better experience.