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An insurance policy that pays a monetary benefit to the insured person's survivors after death.

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16y ago

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Is life insurance preminums more than cash value insurance?

Google the types of life insurance first. You need to learn a little about life insurance. The terms you are using and spelling are weird. Most people use cash value insurance to describe a type of life insurance.I do not really understand what you mean but, from my experience, I can only guess that by life insurance you mean term life insurance. If that is the case, then, in most situations, term life insurance has lower premiums than cash value life insurance (whole life, universal life...). Be well! mcdlife.com


What are the different kinds of life insurance available?

The main types of life insurance are term life insurance, whole life insurance, and universal life insurance. Term life insurance provides coverage for a specific period, while whole life insurance offers coverage for your entire life. Universal life insurance combines a savings component with a death benefit.


What are critical ratios in life insurance?

Critial ratios for life insurance indicates health of life insurance company's various branch offices/units. It is mainly done to access performance of the units and any accounting areas which require probe. Some of the critical ratios are: 1. Conservation ratio : Indicates conservation/lapsation of old business 2. Renewal Expense Ratio 3. Overall expense ratio 4. Average First year premium per 1000 of Sum assured


How do you know if you had mortgage insurance?

This depends on what you mean by mortgage insurance. If you are talking about products like PMI (Premium Mortgage Insurance) look on your escrow billing and it will be listed. If you are talking about a life insurance policy that would be either through credit life with your mortgage company or separately through an insurance company.


Whole life Annuity-life insurance?

Whole life insurance is a product that provides a death benefit, along with a feature that allows you to build up cash value. I am not exactly sure what you mean by Annuity Life Insurance, but typically speaking annuities are a type of insurance product that are geared primarily to build up investment value and then take out a guaranteed stream of income as a result. Read more on what is whole life insurance below.

Related Questions

What does the statement, "insurance life no physical term" mean?

It would mean you could get term life insurance with no medical exam. Term life insurance only protects you till a certain age.


What does the line life has loveliness have to sell mean?

life insurance


Is life insurance preminums more than cash value insurance?

Google the types of life insurance first. You need to learn a little about life insurance. The terms you are using and spelling are weird. Most people use cash value insurance to describe a type of life insurance.I do not really understand what you mean but, from my experience, I can only guess that by life insurance you mean term life insurance. If that is the case, then, in most situations, term life insurance has lower premiums than cash value life insurance (whole life, universal life...). Be well! mcdlife.com


How does a life insurance calculator work?

A life insurance calculator works by figuring out how much you should pay per month (sometimes other units of time) for a set amount of insurance money. For example, if you have a $500,000 life insurance quote, they will calculate how much you pay a day for it.


What does gtl mean on a paycheck?

Group Term Life (life insurance)


What is the cheapest but best life insurance company get life insurance from?

There are so many professing to be the cheapest. Cheap does not necessarily mean best


How Life insurance 50000 Cost per unit 15.90 Annual premium How do you solve this?

To find the annual premium for life insurance, multiply the cost per unit by the number of units. In this case, if the cost per unit is $15.90 and you have 50,000 units, the calculation would be 50,000 units * $15.90/unit = $795,000. Therefore, the total annual premium is $795,000.


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 does GTL mean on a check stub?

Group Term Life (insurance) It's your accidental death and dismemberment insurance.


What does beneficiary mean for health insurance?

Some health insurance plans offer a AD&D Life Insurance Policy. That is why you would name a beneficiary for a health insurance company.


What are some jobs one can get at American General Life Insurance?

Some jobs that a prospective employee can get at American General Life Insurance are typical insurance jobs. This would mean there is not much selection. They would be sales agent and insurance advisor.


Do you need a will for life insurance?

You do not need a will for life insurance. I don't have a will, but I have life insurance. ;)