What is life insurance?
The insured amount to be paid, by the insurer, on death of the person is called Insurance. Life insurance is a protection plan and is regarded as the main tool of financial planning. Life is uncertain and it is always good to insure as it would help the other family members or dependents.
The life insurance company insures the person for a specific amount. The amount of premium depends upon how many years and amount to be insured (coverage).
Age also is a factor while considering a life insurance policy. The person who is insured should provide all the information correctly including his health position, as life insurance is an agreement between both the parties and is also called as a contract in good faith.
The insured should provide all the details like age, family history, health etc correctly. The amount of premium is very very low compared to the amount, which would be provided in case of death. Life is uncertain and to protect your dear and near ones it is advised to take a life insurance policy.
There are two types of insurance policies, one is term insurance and the other is permanent insurance. It is important to plan and decide which policy your family needs. You have to take into account the amount of loans, mortgage etc before you decide on a life insurance policy.
.
Term Life Insurance Defined
Term life insurance is by far the simplest form of life insurance.
Term life insurance is simply that, insurance for a term or specific period of time.
It pays a benefit only if you die in the designated period of time.
On the downside, it pays nothing if the policy expires before you die.
It is often referred to as temporary life insurance.
Policies generally last for 5, 10, 15, 20, or 30 years.
Many policies are convertible, which means that you have option of switching to a permanent life policy.
The main advantage of a term life policy is that they generally have lower premiums.
They are good for covering needs that may disappear in time, such as car or mortgage loans.
They also have some distinct drawbacks.
Premiums generally increase with...
Life insurance > Term Life Insurance Defined
North American Company for Life and Health Insurance Underwrites First Internet Insurance Application from Life4Mom.com
NEW YORK, NY (ContentDesk) January 7, 2004 -- Thirty-Six minutes could save you $42,000 is what the housewife could have said in being the first to apply totally on-line for the whole life insurance product underwritten by North American Company for Life and Health Insurance (North American) exclusively through Life4Mom.com.
The woman spent a total of 36 minutes on-line in qualifying for a quote and completing the entire life insurance application at the site www.life4mom.com.
She received her policy December 16.
The $42,000 in savings for the 39-year-old woman is projected over the life of the premium payments for the $100,000 face value policy.
It has been calculated using an on-line quote of $1,423 annual premium from another national insurance underwriter* versus the $720 annual premium from North American.
The woman further put it on a recurring monthly payment program...
North American Company for Life and Health Insurance Underwrites First Internet Insurance Application from Life4Mom.com
Life insurance > North American Company for Life and Health Insurance Underwrites First Internet Insurance Application from Life4Mom.com
African American Owned Insurance Celebrates 100 years - Atlanta Life Insurance Company, the Oldest Stock-own Black Insurance Celebrates a Century of Service
Atlanta, GA
June 9, 2005 - Atlanta Life Financial Group, Inc. (ALFG) kicks off its Centennial Celebration with a one-hundred-day countdown and
a summer-long series of special events setting the stage for the 100th Anniversary of the founding the company, Atlanta Life Insurance Company. This year, Atlanta Life marks 100 years of service to the Atlanta community, the African-American community, and to its consumers and corporate partners at home, in the southern region, and around the country. [A press conference announcing the Celebration will be held at 10:00 a.m. on Tuesday, June 14, 2005 at Herndon Plaza, 100 Auburn Avenue, Atlanta, Georgia 30303.The kick-off celebration will draw participation from the Atlanta community and will include performances by many well-known personalities and entertainers throughout the city.
Commemorating the event will be the unveiling of a 22 x 14 foot Centennial banner which will hang from the ceiling in the atrium of the Atlanta...
African American Owned Insurance Celebrates 100 years - Atlanta Life Insurance Company, the Oldest Stock-own Black Insurance Celebrates a Century of Service
Life insurance > African American Owned Insurance Celebrates 100 years - Atlanta Life Insurance Company, the Oldest Stock-own Black Insurance Celebrates a Century of Service