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Answered 2013-05-10 06:08:11

A life insurance is only good for life coverage, when you die an amount of money is given. Whole life insurance includes investments you have. Such as Stock Market.

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What products does AAA Life Insurance Company offer?

AAA Life Insurance offers three main types of life insurance policy these include Whole Life insurance, Term Life Insurance and Universal Life Insurance.

What are some advantages of whole life insurance?

The main advantage to whole life insurance is that it will cover your entire life, as opposite to a term insurance policy, which only covers you for a term of usually 10 to 20 years, after which it expires.

How many different types of life insurance are there?

There are two main categories of life insurance: whole life and term insurance. Whole life insurance is an insurance policy combined with an investment account and has several variations such as universal life and variable life. Term life insurance has no investment account, but provides a set sum of money should one die within the specified term of coverage. Variations of term life insurance include annuable-renewable and level-term policies.

What are the advantages of whole life insurance?

Life insurance is secure our life.It support to live without loved ones. For more information about life insurance plans visit aegonreligare.com.The main advantage of whole life insurance is that it will guarantee (for most policies) that your life insurance will never end. Whole life also offers cash value which earns a very conservative rate of return. We suggest that you consider whole life insurance only after you have made sure that you have the right amount of coverage. In other words, if your budget is $50/month and you need $500,000 in life insurance, it is not likely that you will be able to buy a $500,000 whole life policy for that premium. Some may be tempted to still get the whole life and insure themselves for just $100,000, but if you die tomorrow, your loved ones will be more grateful if you have the right amount of coverage rather than a great whole life policy for only $100,000. Be well. mcdlife.comWhole life insurance provides equity in terms of banking. Like property, whole life insurance can be borrowed against and can help improve credit. In general, however, it is not considered practical.

How to Save on Life Insurance?

Life insurance is typically obtained in order to provide monetary security for the family when an individual passes on. The most critical time period is the years parents spend raising their children. Once the kids go to college, the need for life insurance is not as imperative. Whole or term life insurance are the main types of life insurance available. By choosing term life insurance for a set number of years instead of whole life insurance, hundreds of dollars could be saved. The critical period would be covered, giving parents peace of mind.

What are the characteristics of variable life insurance?

Variable life insurance is a form of life insurance which protects the beneficiary upon death. The main advantage to this type of life insurance is that this insurance allows for many investing opportunities whilst the earnings being tax free.

What are the benefits of universal life insurance?

The main benefit is someone else pays for your free insurance

What is the difference between insurance agents and brokers?

There are many important differences between insurance brokers and insurance agents. The main differences that one should note is that insurence agents are individuals that work between the company and the insured and brokers sell products to the insured.

What does life insurance cover?

Life insurance is insurance on a human life. In its most basic form, the insurer agreed to pay a stated sum, specified in the policy, upon the death of the person whose life is insured. There are a variety of permutations of life insurance, but the main types are term insurance and whole life insurance. Term insurance might be characterized as "pure insurance". That is, the beneficiary collects the proceeds if the insured dies during the term of the policy. It does not have a savings component, and expires and is rendered of no monetary value if the insured does not die while it is in force. Whole life differs somewhat from term. Incorporated in it is a term policy and a savings plan. Part of every premium payment is applied to pay the term insurance cost, and another part goes into the savings element of the plan (called "cash value). When the policy is fairly new, most of the premium goes toward the cost of the insurance, and very little goes into the savings element.

What does life insurance mean?

Life Insurance means protection in the event of loss of life of the main bread winners of the family, so that the family is not washed away by the eventuality .

What are the main locations of Genworth Life Insurance Company?

Australia, Canada, Denmark, Deutschland, Eire, Espana, France, India, Mexico, New Zealand and Italia are the main locations of Genworth Life Insurance Company.

Does Life Insurance really pay?

Life insurance pays a stated amount of money upon the death of the insured. Payment is made if the policy was in force at the time of death and if the death was not the result of excluded causes. Life insurance comes in two main varieties: term and whole life (sometimes called "permanent insurance"). Term is generally less costly because it provides "pure protection" during a fixed period of time (the "term", which may be 5,10,15, 20 years). The policy remains in force as long as premiums are paid and does not accumulate "cash value". Whole life insurance also provides similar protection but does accumulate "cash value". The cash value aspect of whole life is somewhat like a savings account attached to the policy, and value accumulates slowly as premiums are paid. There are various kinds of whole life, including some that invest the cash value in mutual funds. Depending upon the performance of the savings element of the whole life policy, it can reach the point of supporting the policy such that no future premium payments have to be made. Always bear in mind that life insurance should be considered protection, and never as an investment.

What is the main objectives of taking out a life insurance policy?

The main objective of taking a life insurance policy is to provide a benefit (lump sum of money) to a beneficiary (family, business, charity, trust) in the event of premature death of the insured.

What's the best life insurance premium?

There are several different types of life insurance, so it is important to know the three different main types and decide which is best for you and your needs. You can visit http://www.smartmoney.com/plan/insurance/which-life-insurance-is-best-16975/ for specific pros and cons.

What is term insurance plans?

Term insurance is one of two main categories of life insurance; the other is whole life insurance (sometimes called "permanent insurance"). The fundamental characteristic of term insurance is that it is designed to last for a definite period of time (the "term"). It affords a death benefit only, meaning that it pays its face value upon the death of the insured if the death occurs during the term of the policy. That is, if the person insured dies only after the policy has expired, no payment is made. It is also distinguishable from whole life insurance in that it does not accumulate "cash value". Cash value is similar to a savings account built into a whole life policy such that a portion of the premium is applied to paying for the death benefit and another portion applied to the cash value accumulation. However, the cash value portion should never be considered to be a savings account in the usual sense of that term. Likewise, all kinds of life insurance should be considered to be protection rather than investments.

What are the main benefits when getting life insurance mortgage protection?

There are many benefits from getting life insurance mortgage protection. When one dies, if he does not have his mortgage paid life insurance would pay it off so his next of kin could keep the house.

Where is the headquarters of the Colonial Life Insurance Company located?

The main headquarters for the Colonial Life Insurance company is located in Columbia, South Carolina at 1200 Colonial Life Boulevard West, zip code 29210.

What is the object of general insurance?

The main objective of general insurance is to provide insurance coverage for non life products. This may vary from medical insurance to fire & burglary, marine insurance, shopkeepers policy, householders policy and so on.

What sort of insurances does Allstate offer?

The main types of insurance that Allstate offers are auto insurance, homeowner's insurance, and life insurance. These three are the ones that are most often advertised, but Allstate also offers other types of insurance such as flood insurance, business insurance, and condominium insurance.

Examples of unsought goods?

The main examples of unsought goods arelife insurancea gravestone. tas

What were the main differences with the indentured servants and africans?

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Who bought Peoples Life Insurance Company of Washington D C?

I have a policy from Peoples Life Insurance Co. I think their main office was in West Vergina, not sure. At the time they were in Columbus, Ohio.

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What Kind of Life Insurance Do I Need?

It may not be something you like to think about, but everyone wants to make sure their loved ones will be taken care of after they’re gone. Life insurance is one way to help you do that. There are many different kinds of life insurance policies on the market, but here is a basic over view of the main categories of life insurance. The first broad form of life insurance is term life insurance. Term life insurance only provides you coverage during a specific period of time. Term life insurance is relatively inexpensive, because the odds of someone dying during a term are rather low. Term life insurance is good for people who have financial needs that will disappear over time such as loans or their children’s college tuition. There are several forms of term life insurance, but the most common forms are level term life insurance and annual renewable term life insurance. Level term life insurance policies last longer than one year and can last anywhere from five to thirty years. Annual renewable term life insurance polices only last one year. These policies though usually include agreements that state that for a period of years, perhaps up to thirty, the policy can be renewed at the end of each one year term. However, the premiums paid will tend to increase the more years the policy is renewed. The second broad category of life insurance is permanent life insurance. Unlike term life insurance, permanent life insurance lasts for a person’s entire life span. These plans are generally more expensive, because the policy being paid out is guaranteed. There are several different kinds of permanent life insurance, but one of the most common varieties is whole life insurance. Whole life insurance provides you with a payment upon death, but also accumulates a cash value. This cash value can be borrowed from when the policy holder needs it, for example during an emergency. There are many more subcategories of life insurance in addition to these. It is important that you shop carefully and read the terms to each policy very closely so you can find the policy that best fits your needs.

What are the main financial products offered by Denali Alaskan Federal Credit Union?

The main financial products offered by Denali Alaskan Federal Credit Union include life insurance, investment services and information seminars on life insurance and finance-related matters.

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