Ads
related to: what is permanent life insurance
Search results
Results from the WOW.Com Content Network
Permanent life insurance is generally more expensive than term coverage, but it offers additional benefits, such as cash value. The cash value component is a portion of your premium that is set ...
Life insurance (or life assurance, especially in the Commonwealth of Nations) is a contract between an insurance policy holder and an insurer or assurer, where the insurer promises to pay a designated beneficiary a sum of money upon the death of an insured person (often the policyholder). Depending on the contract, other events such as terminal ...
Permanent life insurance: Permanent life insurance offers coverage until the policyholder’s death as long as the other terms of the insurance contract are met (e.g. the premium is paid). This ...
Permanent life insurance goes beyond a period of time, covering you financially as long as you continue to pay your premium. Since it potentially offers lifetime protection under most ...
Whole life insurance. Whole life insurance, or whole of life assurance (in the Commonwealth of Nations ), sometimes called "straight life" or "ordinary life", is a life insurance policy which is guaranteed to remain in force for the insured's entire lifetime, provided required premiums are paid, or to the maturity date. [1]
While term life insurance is the least expensive over a short period, say one to twenty years, permanent life insurance is generally the least expensive over a longer period, or over one's entire lifetime. This is mainly due to the high percentage of the premiums paid out in commissions during the first 10–12 years.
Ads
related to: what is permanent life insurance