* Affordable Health Insurance is a topic that politicians love to debate about. The slowness of the economy and Read more ...
* Saving Money on Auto Insurance Life Insurance Policies available for up to $250,000 Read more ...
* Life Insurance Overview offers discount when you combine your Auto and Home. Read more ...
* Life Insurance Policy the importance of having Read more ...
* Term Insurance is the most basic type of life insurance Read more ...
* Whole-Life Insurance is a policy that pays a death benefit no matter when the insured Read more ...
* Universal-Life Insurance policy is very similar to a Whole-Life Insurance Policy with the exception Read more ...
* Variable Universal-Life Insurance policy is a special type of Read more ...
A Life Insurance policy provides a cash payment when a person dies. This payment is known as the death benefit. Many people buy life insurance to protect the people who are dependent on them. Others buy life insurance as a way to leave a cash gift to their spouse, children, grandchildren, and charities at their death. If you have made the decision to buy a policy, you may wonder which type of policy of policy to choose since there are several different types of policies. The Policy is written on the life of a person, known as the insured. The owner makes payments, known as premiums, to the insurance company for the policy. In return, the insurance company agrees to pay the death benefit to the beneficiary if the insured dies within the stated term.
Most common types of Life Insurance Policies are: