Types Of Life Insurance!!!!!!!


Jump to With-profits policies – Life insurance (or life assurance, especially in the Commonwealth), 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) .Term life insurance. Term life insurance or term assurance is life insurance that provides coverage at a fixed rate of payments for a limited period of time, the relevant term. … If the life insured dies during the term, the death benefit will be paid to the beneficiary.

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