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Very basically, insurance is a contract (called an insurance policy) between one party (the insurance company) and another (the insured).
In the case of life insurance, it is a life that is being insured. In return for the periodic payment of money (called a premium) to the insurance company, the insurance company agrees to pay a sum of money when the insured (whose life is insured) dies. The money is generally paid to the person (or sometimes an entity, such as a charity) that is designated in the insurance policy as the beneficiary. The beneficiary is designated by the insured when the insured buys the insurance but can usually be changed up until the time of death.
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Is life insurance a scam?
Life insurance is not a scam. There are benefits and drawbacks to having life insurance, it simple depends on the person's needs.
What are the terms for vaiable life insurance?
You should consider life insurance that covers you for the amount you need. Term life insurance is one form of coverage.
What is the difference between life insurance and life assurance?
The terms are interchangeable.
What kind of a term can you get on life insurance quotes?
On life insurance you can get terms ranging from 1 year to 50 years.
How expensive is Stonebridge life insurance?
"Stonebridge Insurance Company offers different types of life insurance policy, from accidental life to regular life insurance. You can base your payments by what you can afford by a simple quote."
What terms of life insurance are offered by Direct Line Life Insurance?
The terms of life insurance are as follows: You start paying at å£6 monthly increments. Your premiums and cash sum amount will stay the same unless you decide to alter your payments.
Do life coaches accept insurance?
Whether or not a life coach accepts insurance for his or her services depends upon the terms of your engagement with him and her. More importantly, it depends upon whether your insurance considers the services of a life coach covered under the terms of the policy.
What are the terms of AIGs term lfie insurance?
The terms for AIG Term Life Insurance are different for every person and depend on the level of coverage you seek and other various factors. The best way to determine what terms apply to you is to get a quote from AIG about their Term Life Insurance.
What is the purpose of life insurance protection?
In simple terms, the purpose of life insurance protection is to provide surviving dependents or select family members with money to cover certain expenses in the event of a provider's death. Usually, this money from a policy goes to a surviving spouse or children.
What is flexible premium multifunded life insurance?
explain flexible premium multifunded life ins.
What is a reasonable affordable life insurance quote?
Allstate offers affordable rates on life insurance for individuals. The terms are easy and they have many choices.
How well does Northwestern Mutal Life Insurance explain their financial services?
Northwestern Mutual Life Insurance explain their financial services very well on their website. They have a financial guide and full details of their products and services.
