What is life insurance? Life insurance is a type of cover that pays out when you die, and sometimes after a terminal illness diagnosis, if it’s included in the policy. The idea is that the lump sum your beneficiaries might receive would help them to cope financially when you and your i...
Life insurance is a tangible means of ensuring that if an untimely death befalls, your family or loved ones won’t be stranded. A life insurance plan is a contractual agreement between an insurance provider and you or a member of your family. The terms of the contract are quite simple. T...
Whole life is the most well-known type of permanent insurance, but there are other flavors, including universal life, indexed universal life and variable life. Permanent life insurance policies build cash value as they age. A portion of the premium payments is added to the cash value, which ...
Family income benefitis a form of life insurance which, instead of paying the death benefit as a lump sum, pays it in regular instalments. These instalments usually come monthly, but sometimes they’re paid quarterly or annually. Some believe this is a better way to go as it saves a famil...
there are several variations on whole life insurance in the uk market, so let’s examine them one at a time. standard whole of life insurance is when you insure your life for a specified amount of money and your insurance company sets monthly premiums. you pay those premiums for the rest...
Life insurance is a contract made between an individual and an insurance company. The insured person pays a premium in exchange for the promise of a lump-sum payment.
Buying life insurance is one way you can help protect your loved ones in case of the unexpected. For many, life insurance can provide peace of mind and a sense of financial security. Talking about life insurance can bring up difficult subjects, but choosing a policy doesn’t have to be a...
Whole life insurance is also a form of permanent life insurance, with a cash value savings component. An important difference between universal life and whole life insurance, however, is that the UL interest rate is not guaranteed. It is set by the insurer and can change frequently.Whole life...
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.
解析 B [题型] 细节题[解析] 题干意为“终身人寿保险是什么 ”从原文第一段第一句话“Whole life is permanent insurance protection that protects you for your whole life, from the day you purchase the policy until you die”可以得知,终身人寿保险期限是从你购买保险的那天开始直至死亡之日的,故选Bo...