3 Term Life Insurance Policies | Jabar Post Indonesia/a> – This time JabarPost.Net will discuss about Life Insurance.
The following is 3 Term Life Insurance Policies. And for those of you who want to find a similar explanation, you can search in the Insurance category
3 Term Life Insurance Policies | Jabar Post Indonesia
Life insurance (or life assurance, especially in the Commonwealth of Nations) is a contract between an insurance policy holder and an insurer or assurer, where the insurer promises to pay a designated beneficiary a sum of money (the benefit) in exchange for a premium, upon the death of an insured person (often the policy holder). Depending on the contract, other events such as terminal illness or critical illness can also trigger payment. The policy holder typically pays a premium, either regularly or as one lump sum. Other expenses, such as funeral expenses, can also be included in the benefits.
Life policies are legal contracts and the terms of the contract describe the limitations of the insured events. Specific exclusions are often written into the contract to limit the liability of the insurer; common examples are claims relating to suicide, fraud, war, riot, and civil commotion.
Modern life insurance bears some similarity to the asset management industry and life insurers have diversified their products into retirement products such as annuities.
Life-based contracts tend to fall into two major categories:
Protection policies: designed to provide a benefit, typically a lump sum payment, in the event of a specified occurrence. A common form—more common in years past—of a protection policy design is term insurance.
Investment policies: the main objective of these policies is to facilitate the growth of capital by regular or single premiums. Common forms (in the U.S.) are whole life, universal life, and variable life policies.
TopLine Life Insurance (https://www.toplineinsurance.com) is the leading provider of life insurance policies in and around Pottstown, PA. As part of a campaign to educate current and prospective insurance policyholders, TopLine has chosen to focus on the differences between various policy types. For term life insurance, paying an affordable, fixed premium for a specific period of time (10, 15, 20, or 30 years) will guarantee a sizeable death benefit, making it attractive to younger buyers. In this video, TopLine explains the three types of term policies available for purchase. For more information, contact us today!
About the Company:
TopLine Life Insurance helps adults prepare for the future with life insurance policies, particularly term insurance, final expense insurance, and single-premium life insurance. The agents at this company pride themselves on guiding people through every step of this often complex process, so their clients can have the utmost confidence in the final decisions TopLine Life Insurance helps them to make.
For more information, visit https://www.toplineinsurance.com today.
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