Life insurance is a contract in which an insurer, in exchange for a premium, guarantees payment to an insured's beneficiaries when the insured dies.
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Permanent insurance provides coverage for life as long as the premiums are paid, regardless of changes in the insured's health. Investment Value. Some customers ...
Term life insurance is a type of life insurance policy that provides coverage for a certain period of time, or a specified “term” of years.
A life insurance policy guarantees that the insurer pays a sum of money to your beneficiaries (such as a spouse or children) if you die. In exchange, you pay ...
Whole life insurance is permanent life insurance that pays a benefit upon the death of the insured and is characterized by level premiums and a savings ...
Term life insurance provides coverage for a set amount of time, often in 15- 20- or 30-year policies, although timelines may vary, depending on the insurer.
Liability insurance is an insurance product that provides protection against claims resulting from injuries and damage to other people or property.
Level-premium insurance is a type of life insurance in which premiums stay the same price throughout the term, while the amount of coverage offered increases.
Voluntary life insurance, an optional benefit often offered by employers, is a plan that provides a cash benefit upon the death of the insured.
Cash value life insurance is a form of permanent life insurance—lasting for the lifetime of the holder—that features a cash value savings component.