by webcadet » Thu May 20, 2010 11:10 am
There are a wide range of life insurance products that are floating in the market. Choosing the right life insurance policy involves assessing your particular situation and evaluating the right policy for you.
There are two types of life Insurance
1. Term Life Insurance
2. Permanent Life Insurance
Term Life Insurance:- Term Life insurance is life insurance that you purchase for a specific length of time, usually 5, 10 or 20 years. At the end of the term you are given the option of renewing the policy.
Permanent Life Insurance:- There is no fixed time limit to Permanent Life insurance, so long as you keep making your monthly premium payments the contract between you and the life insurance company remains in effect.
Three things always needed to be considered
1. cost of a funeral
2. the effect of your loss of income on your family
3. the amount of debt that you family will be faced with upon your death
It’s always good to take advice of Financial Analyst or Insurance agent who can help you to know your right amount and affordable premium. There are many online resources from where you can get FREE quote
Try this out
linkpe this helps
There are two types of life Insurance
1. Term Life Insurance
2. Permanent Life Insurance
Term Life Insurance:- Term Life insurance is life insurance that you purchase for a specific length of time, usually 5, 10 or 20 years. At the end of the term you are given the option of renewing the policy.
Permanent Life Insurance:- There is no fixed time limit to Permanent Life insurance, so long as you keep making your monthly premium payments the contract between you and the life insurance company remains in effect.
Three things always needed to be considered
1. cost of a funeral
2. the effect of your loss of income on your family
3. the amount of debt that you family will be faced with upon your death
It’s always good to take advice of Financial Analyst or Insurance agent who can help you to know your right amount and affordable premium. There are many online resources from where you can get FREE quote
Try this out
linkpe this helps
Posted: Wed May 26, 2010 11:41 pm Post Subject:
I'm using the term "endow" to mean the point in time at which the cash value equals the death benefit
Fine. No argument with that, except to say that many cash value policies use the term differently, and if we're describing a UL policy, it would probably never "endow".
Add your comment