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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.
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What is featured in the premium life insurance package?
A premium life insurance package have many different features compared to standard insurance packages. Depending on the insurance provider, it will vary on what extra features are included, and therefore it would be best to inquire to local insurance providers what they are.
What is a single premium life insurance?
single premium life insurance: Single premium life insurance is a form of life insurance that's paid with one upfront lump-sum premium. Once you've purchased a single premium policy, you would receive a permanent death benefit that extends until you die.
Whats the best company for an affordable life insurance quote?
www.lifequote.com is a good place
Can you purchase life insurance in a lump sum single payment?
Yes, you can. It's called Single Premium Life Insurance. With single premium life insurance coverage one premium payment is made and the life insurance policy is fully paid up with no further premiums required.
How does universal life insurance differ from other forms of life insurance?
Universal life insurance means you will pay the same premium until death, where as with term life insurance you will pay a certain premium for a period of time and then may or not be offered the same premium again for another term.
Is the best description of universal life insurance?
purchased for a set premium cost with the option of paying more.
What is flexible premium multifunded life insurance?
explain flexible premium multifunded life ins.
Is a flexible premium multifunded life insurance an annuity?
Its a Universal life insurance Policy.
What are some insurance companies that offer single premium whole life insurance?
Some Insurance companies that offer single premium whole life insurance are K&K Insurance, MetLife and Jackson National Life. Others are Mutual of Omaha or AXA Insurance.
How can one obtain premium whole life insurance?
One can obtain premium whole life insurance through their current insurance company. Several companies such as TD Insurance and BMO Insurance, offer great rates.
What is the average return of premium life insurance?
Return-of-premium life insurance is like an ordinary life insurance policy, but payments made on premiums are returned to the insured individual if the policy ends and they are still alive. Thus, return-of-premium life insurance policies do not punish one for outliving their life insurance. The average such policy might cost 25% to 50% more in premiums, compared to an ordinary life insurance policy.
What is a waiver of premium for life insurance plolicies?
Waiver of premium on a life insurance policy or disability insurance policy means that in case of a disability, the insurance company will waive the premiums and keep the policy in force. This is a layer of added protection in case you can't afford to pay the policy due to loss of income in case of an illness or accident. All disability insurance policies include the waiver of premium at no cost, keeping the policy in force while you are disabled and receiving disability benefits. Life insurance policies have the waiver of premium as a rider which usually cost additional premium to add. Consult a life and disability specialist to help you choose the best plans available to you.
