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How is life insurance paid?
Thursday, March 13, 2008
life Insurance
Life Insurance is a practical way to provide the most coverage for your premium dollar during the early years of your policy. Term insurance provides protection for a limited period of time and pays death benefit if you die during that period.
The two type of life insurance are term and permanent. The one that is right for you depends on many factors including your budget, the amount of coverage you need and the length of time you would like the coverage last.
Term life insurance - Term policies can help meet a wide variety of business and personal needs and often provide the most coverage for your premium dollar for set periods of time.
Permanent policies can provide lifetime protection . There are several different types of permanent policies.
Universal life insurance can help meet the needs of people who desire long term death benefit protection with a flexible premium structure.
Variable life insurance offers a choice of death options and a potential to accumulate non-guaranteed tax -deferred cash value that fluctuates based on the performance of underlying investment option that you choose.
Survivorship life insurance insures two people and pays the death benefit when both have died. It is used primarily for wealth preservation .
Posted by Steva at 11:18:38