Permanent life insurance FAQs

Before buying a permanent life insurance policy the individual should & must know all the simple as well as the critical aspects about the policy. First & fore mostly it is important to get a clear idea regarding the Life Insurance. It is a kind of policy which facilitates the family of the insurer in [...]

A life insurance policy insures the policy holder from death; this means that death during the validity of the policy will payout a sum of money that was assured at the time of the start of the policy. This type of life insurance does not expire or does not have a time limit. The premiums [...]

The untimely death of an earning member can throw the bereaved family into difficulties they never imagined. They might have to face lack of funds for future expenses like college fees, a compromise on the standard of living they have been used to and a feeling of insecurity. Why put your family through hell when [...]

Whole or permanent life insurance can provide lifelong coverage and protection, something that is not the case with term life insurance, which a lot of people go for. The only obvious flaw in permanent life insurance which acts as a deterrent is the fact that the cost of the insurance is higher compared to term [...]

The most basic form of permanent life insurance provides coverage through your lifetime and is more expensive compared to the term life insurance, which offers coverage only for a stipulated period of time. However, there are quite a few factors that you will need to consider before purchasing permanent life insurance. Permanent life insurance premium [...]

Variable Life Insurance is also better known as Variable Appreciable Life Insurance and it offers permanent protection to the beneficiary upon death of the policyholder. This is known as variable type of life insurance as you can allocate a part of the premium dollars into a separate account that comprises of different types of investment [...]

Survivorship Life Insurance policies are slightly different from the rest of the life insurance policies. This is also better known as Joint and Survivor Life Insurance or Second to Die Life Insurance, where the lives of two people are insured, mainly husband and wife.
The death benefit is generally not paid to the beneficiary until the [...]

Purchasing a life insurance should be done with care and responsibility, since it is to protect for a lifetime and beyond. It will protect the loved ones in the event of unforeseen circumstances and protects the policy holder when involved in accidents. Applying for a permanent life insurance is more beneficial than term insurance, since [...]

Universal Life Insurance is a type of flexible permanent life insurance which offers low-cost protection that is offered by term life insurance along with a savings element, like in the case of whole life insurance. This savings element provides a cash value buildup. All these benefits as well as the premiums may be reviewed and [...]

Today, the number of people intending to secure their lives by purchasing an adequate life insurance policy is increasing. The need to purchase a life insurance cover does not indicate that you must compromise either on the premium rates or benefits. Here a few good pointers that will educate you on the working of your [...]