and it is just insurance with no cash value account. You purchase a term life policy to give protection for a certain number of years 江西撞人案被枪决 倪夏莲胜日本新星

Insurance When purchasing life insurance policy, many consumers would like to know what are the different types of life insurance policies that are available out there. Here are a brief summary of many kinds of life insurance policies that are available in the market today Term Life Insurance is the most accepted, simplest and cheapest form of life insurance today. As the name implies, term life is designed for a precise term (span of time) and it is just insurance with no cash value account. You purchase a term life policy to give protection for a certain number of years: 10, 15, 20, 25 or 30 years. This type of insurance has only one objective : to compensate a specific lump sum to whoever you’ve elected, upon a specific event – – your death. The death benefit and the policy limit are the same – – a $200,000 policy pays a $200,000 death benefit. The policy protects your family by providing money they can spend to replace your earnings, and to cover final expenses incurred by your death. Whole life insurance provides permanent protection for your dependents and at the same time build a cash value account. With this form of insurance, the insurer invests and manages the policies cash value accounts. It offers a flat premium which can’t rise during your lifetime as long as you keep on making payments Variable life insurance is the type of life insurance with some flexibility on your investment account while providing protection for your family. it is suitable for the more risk-oriented policy holder.. It lets the death benefit to adjust in relation to the return of the cash value account. Universal life insurance is more flexible on your investment account than whole or variable life. It pays a death benefit to the beneficiary you name and offers you a low risk cash value account and tax deferred accumulation. It lets you to earn market rates of interest on your investment account. Universal Variable life is the type of insurance which gives you more control of cash value account than any other insurance. It pays death benefit to your dependent and offers low risk tax differed cash value options. It offers separate accounts for you to invest in such as money market, stock, and bond funds. It doesn’t work well with small premium amounts because your premium must cover your insurance and your accounts. Mostly a medical exam is needed for all types of life insurance. Because of the strong competition that exist in todays insurance industry, many companies now offer no medical exam life insurance policies. Once you understand and know the type of coverage you like to buy you can take few online insurance rate for the policy you desire. With online insurance quotes you are able to check and compare life insurance rate from multiple companies. About the Author: 相关的主题文章: