answersLogoWhite

0

Can you explain the details of life insurance to me?

Updated: 9/16/2019
User Avatar

Wiki User

12y ago

Best Answer

Most people purchase life insurance to provide financial security to a spouse or family member in case of a premature or unexpected death. The premium pays for a specific amount of money to be paid to the beneficiary of the policy. Quotes are provided taking into consideration numberous factors such as age, health conditions and how much money the policy will be worth as well as the type of life insurance requested.

User Avatar

Wiki User

12y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: Can you explain the details of life insurance to me?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

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.


Can a non US citizen be a life insurance beneficiary?

Yes. Ask your insurance agent for specific details on how to have this done.


What is flexible premium multifunded life insurance?

explain flexible premium multifunded life ins.


I received an affordable term life insurance quote, however, can someone explain to me what "term" means?

"Term" specifies the time and coverage of your life insurance plan.


How do you find an insurance company named monumental life insurance?

Put the words monumental life insurance into the Google search box at www.google.com Googe comes back with www.monlife.com From there you can look for contact details.


How do you find out all the legal details involved in surrendering a life insurance policy?

Can you be more specific


When should you discuss the living benefits of the life insurance policy to the prospet?

During the consultation period. You should fully explain what life insurance is and what are the differences between types of life insurance. If properly explained you would need to cover that topic.


What do whole life insurance term life insurance and universal life insurance have in common?

Whole life and universal life insurance are both considered permanent policies. That means they're designed to last your entire life and won't expire after a certain period of time as long as required premiums are paid. for further details can whats app on 9702497211


i want to know about my life and futherand im really excited about that?

There are a number of life insurance calculators online. You can also speak to your insurance agent for details about the future value of a policy. There are several online sites that features actuarial tables for life insurance and that detail the payouts on specific types of policies. A life insurance calculator does not determine your life or your future.


How do you check the status of the lic life insurance done on internet?

pleese tell me details of policy no. 182494510


Do I pay taxes on a life insurance payout?

If the owner of the policy is not a business, you would not have to pay taxes on a life insurance benefit payout. You should consult with a tax professional in your state for more details.


What is the purpose of a disclosure statement in the life insurance policies?

To explain features & benefits of a proposed policy to the consumer