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Life insurance is a contract providing for payment of a sum of money to the person assured or, failing him, to the person entitled to receive the same on the happening of certain event.
A family is generally dependent for its food, clothing and shelter on the income brought in at regular intervals by the breadwinner of the family. So long as he lives and the income is received steadily, that family is secured, but should death suddenly intervene, the family may be left in very difficult situation and sometimes, in stark poverty. Uncertainty of death is inherent in human life. It is this uncertainty, that is risk, which gives rise to the necessity for some form of protection against the financial loss arising from death. Life insurance substitutes this uncertainty by certainty.
By this way, life insurance completely differs from other types of insurances, specially the basic concept is different from other general insurance policies.
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What type of insurance policies are offered by Butler Insurance Service?
The Butler Insurance Service has many policies. They have auto insurance, homeowners insurance, life insurance and business insurance. However the policies differ from state to state.
What type of insurance is also known as ordinary or straight life insurance?
Term life insurance, or otherwise known as pure life insurance protection.
What type of company is Complete Coverage Insurance?
Complete Coverage Insurance is the type of company referred to as an independent insurance agency. They provide insurance coverage for automobile, home, health, business and life.
How do you find an old life insurance company named Industrial Life and Health Insurance?
Just type the name in the search and it comes right up.
What is a non direct recognition life insurance policy?
It is a type of whole life insurance that does not reduce the dividend payable under the policy even if there is a loan of cash value outstanding.
How does Spectra Life Insurance differ from Universal Life Insurance?
Universal Life Insurance is the one type of life insurance. This is a flexible version of life insurance where you get the savings element of whole life. Universal Life Insurance policies is the combination of death benefits with a savings component or cash value that is reinvested and tax deferred.
What type of insurance policies are offered by Butler Insurance Service?
The Butler Insurance Service has many policies. They have auto insurance, homeowners insurance, life insurance and business insurance. However the policies differ from state to state.
Does Prudential Life Insurance offer term life?
Prudential Life Insurance offers several different type of life insurance, including term life insurance. They offer complete term insurance or supplemental term insurance that can be added on top of any other insurance you may have.
What types of insurance does Sun Life offer?
Sun Life insurance offers only one type of insurance. Sun life offers only life insurance to there customers, but they also offer insurance of other life related sources such as Heath insurance in case one is to gain sickness or ailments for reasons.
Is the mortgage on a house pay off upon death?
No. Not unless there was some type of insurance in place to that effect, either mortgage insurance of a life insurance policy.No. Not unless there was some type of insurance in place to that effect, either mortgage insurance of a life insurance policy.No. Not unless there was some type of insurance in place to that effect, either mortgage insurance of a life insurance policy.No. Not unless there was some type of insurance in place to that effect, either mortgage insurance of a life insurance policy.
Where could one purchase cheap life insurance?
Zander insurance shops around to find the best insurance prices available. They do not deal with whole life, universal life or any other type of cash value insurance. They only deal with term life insurance, which is the best buy in insurance industry.
What kind of questions and answers can be found on the Term Life Insurance FAQ?
Term life insurance does not have an FAQ - it is a type of life insurance. This life insurance is sold to cover a certain period of time. It does not have a cash savings component to it, and thus is usually quite a bit less expensive that other types of life insurance.
What type of life insurance often used as mortgage insurance?
The type of life insurance that is more than often used as mortgage insurance is known as decreasing term.
What type of life insurance is often used as mortgage insurance?
The type of life insurance that is more than often used as mortgage insurance is known as decreasing term.
Is an annuity a type of life insurance?
Yes an annuity is a life insurance product. Its kind of like the opposite of life insurance.
What type of insurance is also known as ordinary or straight life insurance?
Term life insurance, or otherwise known as pure life insurance protection.
What type of life insurance should you buy?
Mortgage insurance
