Basic principles of life insurance to understand how a policy works
Return of Premium LIfe Insurance Return of Premium for Term Life Insurance? One of the biggest complaints about life insurance is that you must die to collect. For that reason, many are reluctant, because most of us do not plan on dying. We imagine everything we could be doing with our premium payments, especially if …
What is non-medical life insurance? To exam or not to exam is the question, a policy with no exam does not mean they will not look into your medical history it means you will not have to take a medical exam to get life insurance. A medical exam is also known as “Paramed”. Its when …
When you apply for a life insurance policy, you are asking an insurance company to issue you a contract that pays a death benefit to your beneficiaries. Once the policy is issued the insurance company has an obligation to pay the death benefit if premium is paid. The premium paid is based on your underwritten …
How do life insurance underwrighting classifications work Read More »
What is Life Insurance and how does it work? For many people Life Insurance is a mysterious thing that they hope they will never need. In this article the goal is to help you understand what life insurance is and how it works, so you can make an informed decision to better protect your lifetime …