The original purpose of life insurance was to provide for your family in the case of your death. While this purpose is still the most potent reason to take out a life insurance policy, there are a number of other ways that life insurance can be used to benefit you and your family, even while [...]
Assured – Those insured under the terms of an insurance policy. Benefit – The money paid to the policyholder when a claim is made. Bid Price – The selling price or cash-in value of your unit holdings. Bonus – Relates to a with-profits policy. The amount of money added to the benefit payable under the [...]
Owning a home is a dream for most of us, although it is an expensive one. The monthly payments usually take up a big slice of our monthly income, and the sudden loss in the event of you or your spouse’s early death may leave your survivors unable to make payments. To make your family [...]
Term Life Insurance – A Safeguard for Small Business Owners Term life insurance can offer protection for a small business and its owners in surprising ways. If you own a small business, you probably pay property and liability insurance, and are protected against fire, theft, flood and other disasters. But what would happen if you [...]
There are different types of life insurance policies available. Shop around and compare policies to ensure that you receive the best deal possible. This sounds obvious, however, there are dozens of different types of life cover plans available and it is important that you select the right one for your circumstances. Life Insurance is insurance [...]
Life Insurance is a legal contract between you and a life insurance company with the purpose of providing an income to spouse, children or other beneficiaries in the event of your death. There are two different categories of Life Insurance. Term Insurance is designed to provide death benefits for a specific time period. It is [...]
Whole life insurance, also known as “cash-value” insurance is a basic and consistent type of permanent life insurance which remains in effect your entire life at a level premium. This life insurance is a good choice got you if you do not expect your life insurance needs to diminish over time. A portion of your [...]
If permanent insurance with flexible premiums and options is important to you, youll want to choose a variable universal life insurance policy. This type of policy combines features of universal life insurance with investment options, so you have the potential for a larger death settlement than you would have with an ordinary policy. It is [...]
Assured – Those insured under the terms of an insurance policy. Benefit – The money paid to the policyholder when a claim is made. Bid Price – The selling price or cash-in value of your unit holdings. Bonus – Relates to a with-profits policy. The amount of money added to the benefit payable under the [...]
One of the most popular forms of life insurance is the variable life insurance policy. With variable life, one gets permanent insurance (like whole) along with the opportunity to isolate specific investment opportunities at which premiums are directed. One can invest in any number of opportunities with a variable life insurance plan. In essence, the [...]
