by Insurance | May 21, 2025 | Terminologies
Debt recovery—the process by which lenders and agencies attempt to collect unpaid debts—is a common financial concern. But what many don’t realize is how debt recovery can intersect with life insurance—especially in matters of estate planning, beneficiary rights, and...
by Insurance | May 19, 2025 | Terminologies
We usually associate APR (Annual Percentage Rate) with loans, credit cards, and mortgages. It represents the true cost of borrowing money, including interest and fees, expressed as a yearly rate. But what many people don’t realize is that APR principles—and how we...
by Insurance | May 16, 2025 | Terminologies
Most people associate a hard inquiry with credit card applications, mortgages, or car loans. It’s that moment when a lender pulls your full credit report to assess your risk as a borrower—often leaving a temporary mark that can affect your credit score. But what many...
by Insurance | May 13, 2025 | Terminologies
Gone are the days when applying for life insurance meant stacks of paper, face-to-face meetings, and endless delays. Today, digital transformation has brought about a faster, more convenient process—anchored by a single innovation: the e-signature. From term life to...
by Insurance | May 12, 2025 | Terminologies
In the financial world, a lender is typically associated with banks, credit unions, or institutions that provide money in exchange for interest. But when it comes to life insurance—especially permanent policies like Indexed Universal Life (IUL)—lenders often play a...
