Phabbyfundz
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— life insurance is a legally binding contract that pays a death benefit to the policy owner when the insured dies.
— for a life insurance policy to remain in force, the policy holder must pay a single premium upfront or pay regular premiums over time.
— when the insured dies, the policy named beneficiaries will receive the policy's face value, or death benefit.
— term life insurance policy expire after a given number of years. While permanent life insurance policy remains active until the insured dies, stop paying premiums or surrenders the insurance policy.
— a life insurance policy is often as good as the financial strength of the said insurance company that issues it. The states guaranty funds may pay or would pay claims if the issuers can't pay.
This are some known facts about life insurance policy's.
— for a life insurance policy to remain in force, the policy holder must pay a single premium upfront or pay regular premiums over time.
— when the insured dies, the policy named beneficiaries will receive the policy's face value, or death benefit.
— term life insurance policy expire after a given number of years. While permanent life insurance policy remains active until the insured dies, stop paying premiums or surrenders the insurance policy.
— a life insurance policy is often as good as the financial strength of the said insurance company that issues it. The states guaranty funds may pay or would pay claims if the issuers can't pay.
This are some known facts about life insurance policy's.