I've heard of accidental death insurance as an option for people who might not qualify for life insurance because of their health status. Actually, the place I heard of that was on the TV show The West Wing - the president didn't want anybody to know he had multiple sclerosis, so he ...
Personal accident insurance policies provide compensation for people who are seriously injured or maimed in an accident. Accidental death may also be covered by this type of insurance. There are several types of accident insurance, so it is important to verify that you’re selecting the correct on...
Accidental Death and Dismemberment (ADD) insurance coverage is available to you through most insurance companies as a rider to an existing life or health insurance policy. If you travel frequently, have a high-risk job or participate in extreme sports (for example, skydiving, bungee jumping, aut...
Many people no longer comprehend the significance of having some form of lifestyle insurance for themselves or the ones they love. What is the lifestyle
Life insurance typically covers natural and accidental deaths. Some policies also offer “living benefits,” which means they pay out a portion of the death benefit while you’re still alive, if you’re diagnosed with a covered chronic, critical or terminal illness. There are two types of lif...
Term life insurance isn’t right for everyone. However, in the right circumstances, it can be a useful tool. “Maybe you’ve got a mortgage that you’re trying to make sure is covered in the event of your untimely death. Or maybe it comes down to cash flow and the death benefit,”...
Supplemental: This is what it sounds like: coverage on top of your primary policy. This can include insurance for your spouse, child or accidental death coverage. Joint: This typically expensive option covers two or more people with the payout coming when the first person dies. Insurers view...
» MORE: What is life insurance and how does it work? What is AD&D insurance? AD&D insurance combines two types of coverage: an accidental death policy that pays out if you die in an accident, and a dismemberment policy that pays out if you have a serious injury such as losing a ...
Universal life (UL) insurance is a type ofpermanent life insurancethat, like other permanent insurance, has acash valueelement and offers lifetime coverage as long as you pay yourpremiums. Unlike whole life insurance, universal life allows you to raise or lower your premiums within certain limits...
Life insurance is a contract in which an insurer, in exchange for a premium, guarantees payment to an insured’s beneficiaries when the insured dies.