How Consumer Select Life Insurance Policies: A Protocol Analysis. Hannu Kuusela,Mark T Spence. Journal of Professional Services Marketing . 1998Kuusela H,Spence M T.How Consumer Select Life Insurance Policies: A Protocol Analysis. Journal of Professional Services Marketing . 1998...
If you have a permanent life insurance policy that has accumulated a significant amount of funds in its cash value, you can use that money while you’re alive to pay premiums, take out a loan, or withdraw cash permanently. If you withdraw enough, you’ll surrender the policy. You may al...
If you have an employer-sponsored life insurance policy, also known asgroup life insurance, take note of the death benefit, or the lump sum, your beneficiary would receive if you die. If it’s not enough to fit your needs, then a stand-alone policy may be a good option. As Catherine...
Many different types of life insurance are available to meet all sorts of consumer needs and preferences. Depending on the short- or long-term needs of the person to be insured (or their family members), the choice of whether to select temporary or permanent life insurance will be a major ...
Term life insurance istemporary life insurancefor a set period of time. You can choose a term between 10 and 30 years. Let’s say you die within the policy term. The cash value of the policy is paid to the beneficiary. However, if you outlive the term of the policy, the policy ends...
With term life insurance, you decide how long you anticipate needing the coverage — for example, until the mortgage is paid off, until the kids graduate from college, or until you retire — and select a term that corresponds to that length of time. A term life insurance policy might cover...
From determining how much coverage you need to signing your policy, we’ve simplified the life insurance shopping process with a step-by-step guide.
Having a basic understanding of life insurance and its various components is the first step towards leveraging it effectively. In the next sections, we will explore how to determine your life insurance needs, choose the right type of policy, evaluate insurance providers, and make the most of you...
Life insurance companies assess each claim based on the policy terms, verifying the cause of death and eligibility for the life insurance payment before disbursing funds. Can you use life insurance before you die? Yes, certain policies include living benefits, which allow you to access parts of...
Life insurance eligibility depends on your lifestyle, health, finances, and more. Here's what to know.