by pay@crispino.us | 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...
by pay@crispino.us | May 10, 2025 | Terminologies
Most people think of credit utilization as something that only matters when applying for a loan or a new credit card. But this key metric—the ratio of your credit card balances to your credit limits—can also subtly impact life insurance underwriting, approval odds,...
by pay@crispino.us | May 7, 2025 | Terminologies
When people hear the term late payment fee, they typically think of credit cards, loans, or utility bills. But did you know that late payments can also have serious consequences in the world of life insurance—especially when dealing with flexible premium products like...
by pay@crispino.us | May 6, 2025 | Terminologies
The term prepayment penalty is most commonly used in lending—when borrowers are penalized for paying off a loan early. But in the world of life insurance, especially when policies are used as financial tools, a similar concept emerges under a different name: penalties...
by pay@crispino.us | May 4, 2025 | Terminologies
In lending, the concept of early repayment usually refers to paying off a loan before its scheduled end date—often with the goal of saving on interest. But how does this idea translate to life insurance, especially with cash value policies like Indexed Universal Life...
