Universal life insurance (UL) is a relatively new insurance product, intended to combine permanent...
Whole life insurance
Whole life insurance provides lifetime death benefit coverage for a level premium in most cases. Premiums...
Permanent life insurance
Permanent life insurance is life insurance that remains active until the policy matures, unless the...
Term Insurance
term assurance provides life insurance coverage obtain a specified term. the policy doesn't accumulate...
Insurance vs assurance
the specific uses of one's terms insurance and assurance are generally confused. in general, in jurisdictions...
Death proceeds
upon the insureds death, the insurer needs acceptable proof of death before it pays the claim. the...
Costs, insurability and underwriting
The insurer ( the life insurance company ) calculates the policy costs with intent to fund claims that...
life insurence Contract terms
special exclusions could apply, like suicide clauses, whereby the policy becomes null and void in the...
Chart of a life insurance
there is a difference between the insured and the policy owner, although the owner and the insured are...
what is life insurance?
Life insurance (or commonly life assurance, especially in the Commonwealth) is a contract between an...
