Property insurance - If your property is damaged the insurance will pay for this to be repaired.
Life insurance - If you die then your estate (or the named beneficiary) gets a payout to the value of the insurance.
The difference between term life insurance and whole life insurance is that a term policy covers the insured for a "term of years" whereas a whole insurance policy covers the insured for the entire life period.
There isn't a real difference between life annuity and an insurance annuity. Both are a form of life insurance and deal with the same issues. I would go with either one.
The terms are interchangeable.
Types Of Insurance: 1. Health Insurance 2. Disability Insurance 3. Life Insurance 4. Automobile Insurance 5. Theft Insurance 6. Travel Insurance 7. Property Insurance etc
Traditional life insurance gives less return but ULIP may gives high return. Traditional life insurance has no risk factor and ULIP has risk factor.
yes
Life insurance companies tend to be working with more money than property and casualty insurance, in most cases.
What is the difference between voluntary life insurance and life, ad/d?
S. S. Huebner has written: 'Life insurance; a textbook' -- subject(s): Insurance, Life, Life Insurance 'Property and liability insurance' -- subject(s): Fire Insurance, Insurance, Fire, Insurance, Liability, Insurance, Marine, Insurance, Property, Liability Insurance, Marine Insurance, Property Insurance 'Report on legislative obstructions to the development of marine insurance in the United States' -- subject(s): Insurance, Marine, Marine Insurance 'The main feature of the present foreign trade of the United Kingdom' -- subject(s): Commercial policy, Statistics, Commerce 'Property insurance' -- subject(s): Accessible book, Fire Insurance, Insurance, Marine Insurance, Property Insurance
Gary H. Snouffer has written: 'Life insurance agent' -- subject(s): Life Insurance, Life insurance agents 'The Sales & Marketing Guide to Variable Annuities' 'Variable Life Essentials' 'Property & casualty insurance agent' -- subject(s): Casualty Insurance, Property Insurance
Rawle O King has written: 'The federal crime insurance program' -- subject- s -: Burglary Insurance, Insurance, Burglary 'Property-casualty insurance' -- subject- s -: Casualty Insurance, Insurance, Casualty, Insurance, Property, Property Insurance 'Automobile insurance crisis' -- subject- s -: Automobile Insurance, Costs, Insurance, Automobile 'Financial condition of life insurance companies' -- subject- s -: Bankruptcy, Finance, Insurance companies, Insurance, Life, Life Insurance
The key difference between life insurance and whole life insurance is that regular life insurance carries a fixed term while whole life insurance covers one's entire lifetime. Whole life insurance also accumulates a cash value that one can borrow money against.
Usually the only difference between accidental death life insurance and regular life insurance is the name, although sometimes an accidental death life insurance will pay out more money if the death is accidental.
There are two types of insurance companies: life insurance companies and casualty and property insurance companies.
LIC
Since life insurance policy is issued on individual life, it can be treated as personal property. However, in Keymen policy, where the premia is paid by the co. on his/her behalf,it will be the property of the co. till the policy matures and benefits paid by the insurance co. to the co. is reverted back to the keyman.
Life insurance producer can solicit and sell insurance. A life insurance advisor, cannot. An advisor can only give advice but not sell insurance.