One simple definition of life insurance states it is coverage placed on the life of an individual whereas an insurance company issues a policy and pays a stated death benefit in the event of the insured's death. Life insurance is intended to provide financial stability and support to the dependents and beneficiaries of the insured.
While the general concept of life insurance seems simple enough, there is nothing simple about the overwhelming number of policy options available in the marketplace today. Our discussion will focus on the two basic types of life insurance: term life insurance and permanent life insurance. We will also briefly describe the most common variations of each type of life insurance.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment