Life insurance provides protection in the event of an individual or individuals' death or other event, such as terminal illness or critical illness. There are two major types of life insurance policies - protection and investment. Protection policies provide benefits after a specific event, typically in the form of a lump sum payment, while investment policies aim to provide capital gains.
Be Aware of these Life Insurance Clauses
In the field of life insurance there really aren't any 'standard' policies per se; each agreement can... »
Term Life Insurance
Term life insurance is designed to provide protection for a limited period of time, which is the... »
Flexible Life Insurance Policies
Flexible life policies include adjustable life, universal life, and variable life insurance. Although each of these has... »
Insurance Beneficiaries
A beneficiary is the person or interest to which payment of life insurance proceeds will be made... »
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