What types of life insurance coverage are available to collect on?
The four main life insurance coverage policies are term life insurance coverage, which pays your beneficiary a fixed amount of money upon death, whole life insurance coverage, where premiums remain at a fixed level and the policy generally builds up cash value on a tax-deferred basis, universal life insurance coverage, which allows the policy holder to adjust the death benefit and premium payments, and variable life insurance coverage, where benefits and risk are determined in part by financial markets.
Was your question answered? Yes
Other Similar Questions
What amount of life insurance coverage benefits is available if a loved one dies?
What is the cash surrender value in a life insurance policy?
Do I need a lawyer to handle my life insurance coverage dispute?
DISABILITY SECRETS: Learn What Your Insurance Company Is Hiding From You!
This searchable database contains information about disability, critical illness and life insurance claims, and what you can do if you are denied or cut
off of your benefits. It is a collection of the most common questions we receive from our clients. General answers have been provided by our lawyers.