The four basic types of life insurance contracts are term life, whole life, variable life, and universal life. Under term insurance contracts, a set amount of coverage, such as $50,000 or $500,000, is issued for a specified period of time. The premiums on such policies tend to increase...
Life insurance comes in two basic forms: term & permanent. Term insurance provides basic affordable coverage for a set period, while permanent plans provide greater flexibility and a cash value option.
Term life insurance is cheaper than whole life and covers you for a set period of time. Whole life insurance typically lasts your entire life and can build cash value, which makes it a more complex and expensive product. With either policy, your loved ones can spend the payout howeve...
An attractive feature of the variable life insurance product is its flexibility regarding premium remittance and cash value accumulation. Premiums are not fixed, as with traditional whole life insurance or term insurance policies. Within limits, policyholders may adjust their premium payments based on t...
The meaning of WHOLE LIFE INSURANCE is a type of life insurance that costs the same as long as the insured person is alive and that pays benefits to survivors when the person has died.
Term Life Insurance 定期人寿保险是一份纯保障的基础型保险,受益金额固定,只会在保障期限内生效,支付保额。 Whole Life Insurance 终身分红型寿险其保障时间为终身,保费相对较高,杠杆比例小,变通弹性小,现金价值(Cash Value)在保单内有延税功能,随着时间的延长,保单的现金价值增加,但红利的发放是非保证的。
Whole Life Insurance Whole life is a form ofpermanent life insurance, which differs from term insurance in two key ways: It never expires as long as you keep making your premium payments. It provides some cash value in addition to the death benefit, which can be a source of funds for fut...
Variable Life Insurance Advantages 变额寿险的优势 An attractive feature of the variable life insurance product is its flexibility regarding premium remittance and cash value accumulation. Premiums are not fixed, as with traditional whole life insurance or term insurance policies. Within limits, policyholde...
定期人寿保险Term Life Insurance和永久人寿保险Permanent Life Insurance,而永久人寿保险又细分为: 1.终身人寿保险Whole Life Insurance 2.万能人寿保险Universal Life Insurance 3.浮动型万能人寿保险Variable Universal Life 4.指数型万能人寿保险Index Universal Life ...
Term life insurance offers a benefit for a specific time period, but whole life insurance is permanent. Learn more here.