Life insurance is a written contract between an insurance carrier and a policy owner.
A life insurance policy guarantees the life insurer pays out a sum of money to the named beneficiaries of a policy when the insured person dies, in exchange for the premiums paid by the policyholder to the insurer during the insured’s lifetime.
Term Life Insurance: Provides full risk coverage against any type of eventuality for the duration of the policy term.
Whole Life Insurance: Offers life insurance coverage till 100 years of age.
Learn more about life insurance and how it works.
No comments:
Post a Comment