There are two types of life insurance: Term Life and Whole Life. Term Life Insurance charges the policyholder a fixed monthly premium until the end of the policy, for a particular fixed death benefit, if the policyholder should die during that term. This type of life insurance is not meant to insure someone until they…
Numerous factors determine the cost of life insurance. These include the age of the policyholder, gender, type of policy requested (either term or whole Life), and the health and hobbies of the individual. In addition, the longer you wait to get life insurance, the more costly it will be. This is due to the aging…
What is life insurance? It is an insurance policy that pays for funeral costs and unforeseeable events after someone’s death. It is not a topic most of us easily discuss, but it is necessary to protect loved ones long after our passing. A significant number of life insurance companies all claim to offer you the…