First, let us define LIFE INSURANCE. It is a legal contract wherein the insurance company agrees to pay a stipulated consideration to a designated beneficiary upon the insured’s death. Therefore, one can only get the sum...
Read MoreLIFE INSURANCE is a legal contract wherein the insurance company agrees to pay a stipulated consideration to a beneficiary upon the insured’s death. Therefore, one can only get the sum amount of money that the policyholder...
Read MoreHOW DOES THE NET AMOUNT OF RISK AFFECT THE DEATH BENEFIT If you purchase life insurance, it goes along with the death benefit. The death benefit is the sum of the insured’s life insurance policy paid out when the...
Read MoreLife insurance gives protection to your family during uncertainties. This is because of the death benefit that your family will be getting upon your death. Under variable life insurance, there are two types of death benefits:...
Read MoreLife insurance is becoming a security for other people, and when uncertainties strike, protection will be given to their families. But there are two kinds of life insurance, that is traditional life insurance and variable life...
Read MoreLife insurance guarantees to pay some amount of money to the beneficiaries as premiums paid by the insured. This life insurance gives protection to those families who will be left behind by the insured in case of passing away....
Read MoreAs we all know, life insurance guarantees to pay some amount of money to the beneficiaries as premiums paid by the insured. This life insurance gives protection to those families who will be left behind by the insured in case of...
Read MoreIndustries are one of the major driving forces of our economy, but workers in this sector sometimes have the lowest income. They are sometimes less paid even if their nature of work involves hazards. Hazard paid are not even in...
Read MoreThe profits of the insurance company that are shared with the policyholder are in the form of dividends. The type of policy for this whole life insurance must be participating for the policy to accumulate dividends. There are...
Read MoreVariable life insurance is life insurance with a death benefit and allows the policyholder to invest and alter the insurance coverage. The premium is used to purchase units that are dependent on the selling price of each unit....
Read MorePremium in life insurance is the amount that must be paid to the insurer or insurance company for an insurance policy. This premium must be paid regularly for the policy to be in force; not doing so may result in the...
Read MoreGetting individual life insurance is not that cheap. One must allocate a certain amount to pay the premium for you and your loved ones to be covered with protection during times of uncertainty or when you pass away. Though one...
Read More