Life Insurance Life Insurance Quote Life Insurance Quotes Whole Life Quotes Term Life Quotes Life Insurance Companies Life Insurance Policy Long Term Care Insurance

life insurance policy There are 5 types of life insurance falling under 2 categories, those of term life and permanent life. The first 4 life insurance policies listed below are permanent policies, also referred to as "cash value policies," in that they provide you with both a cash value account & a death benefit. Whole Life insurance provides permanent coverage for all dependents whilst building a cash value account. What does a Whole Life Insurance Policy offer? Flexibility allows policyholders to withdraw from the policy at any time. Policyholders able to receive dividends from his/her policy / use them lower his/her monthly insurance charges. Cash value account managed by insurance company. Pays a death benefit to assigned beneficiary. Offers a fixed premium that will not rise if you make your monthly payments. Variable Life insurance offers permanent protection with a degree of account flexibility for the risk-oriented policyholder. What does a Variable Life Insurance Policy offer? Tax-free, low-risk cash accumulation. Pays a predetermined death benefit to an assigned beneficiary. Allows policyholder to borrow from the policy during their lifetime should the need arise. Death benefit varies in relation to the fund returns of the cash value account. Universal Life insurance provides a form of permanent protection geared towards dependents & is more flexible than either Variable or Whole life insurance. Benefits of Universal Life: Flexibility - Policyholder sets the level of life insurance & death benefit & premium payments can be adjusted based on your situation. Tax-Free death benefit - In accordance with the current tax laws that govern individual life insurance, the proceeds of the life insurance policy (death benefit) is paid in full to the beneficiary, tax-free. Tax-Deferred account value growth - Account value can increase due to higher interest rates. (Dependent on current interest rate) Universal Variable Life insurance provides a greater degree of flexibility and control of their cash value account policy features than any other form of life insurance. It is a combination of the Variable life / Universal life features Universal Variable Life benefits include: Premium & death benefit flexibility. Potential to increase cash value account. Withdraw funds or borrow from the policy at any time. Term life insurance is the cheapest and most common form of life insurance due in part to its simplicity: Term Life insurance is the easiest, cheapest and most common type of life insurance policy. The term can range from as little as 5 years of coverage up to as much as 20 years of coverage, but it doesn't offer a cash value account and it is strictly limited to insurance. The value of the death benefit & the value of the policy limit will be the same with a term policy. I.E, if you have a $250,000 policy, it's going to payout a $250,000 death benefit. Term life is generally recommended for young, upstart families who cannot afford one of the more expensive, detailed policies. ...................................................................................................................................................................................................... Take a look at some example   LIFE INSURANCE QUOTES

Information on life insurance quotes, get free life insurance quotes, life insurance, all about insurance quotes.

Contact Webmaster
Copyright (C) Find Life Insurance Quotes, 2004
All Rights Reserved

	Web thehealthinsurance.com

Life Insurance - Life Insurance Quote - Life Insurance Quotes - Whole Life Quotes - Term Life Quotes - Life Insurance Companies - Life Insurance Policy - Long Term Care Insurance

All product names, brands, and trademarks belong to their respective holders. Information contained within these pages are for comparison and research purposes.