There are several life insurance products available so making the right choice from the outset is fundamentally important. Given that it isn't possible to predict the future, term life insurance vs. whole life insurance is one of the most important decisions a family will make. Whilst there are two main types of mortality coverage, there are a number of subtle variations of these policy types.
Level Term Life Insurance
Term coverage is an affordable alternative to whole life insurance for those working with a limited budget. This life insurance product is normally taken out to protect a young family over a 20 or 25 year period. Although level term life insurance has no investment element or cash-in value, it can provide a substantial cash lump sum in the event of death. The cash value is guaranteed, although the provider may exclude certain pre-existing medical conditions.
http://www.myallagents.com/How-to-Select-a-Life-Insurance-Product/details.html
No comments:
Post a Comment