bs-preloader__icon
ru kz en

What you need to know about life insurance

Life insurance can provide protection in a crisis, but people often get confused about the simple terms, the online media ABC7 Los Angeles reports.
What you need to know about life insurance

Life insurance (long-term) provides a benefit in the event of the policyholder’s death.

Mixed policies (long-term savings) provide a cumulative component in addition to insurance component.

Critical illness insurance provides a benefit when a specific critical condition is diagnosed.

Insurance premium is an amount the policyholder pays for the policy. The premiums are paid regularly, i.e. monthly, quarterly or annually.

Insurance coverage is an amount that the policy owner or beneficiary will receive.

Policyholder is a person who purchases the life insurance policy.

Beneficiary is a person who will receive the insurance benefit in event of the policyholder’s death.

Source: https://abc7.com/life-insurance-policies-how-to-use-living-benefits/13810439/

Photos are from open sources.

Share
read also
Which life insurance payment option to choose
Which life insurance payment option to choose

The insurance payout is usually made within five working days from the day the insure...

The data of 33 million people is stolen from French insurers
The data of 33 million people is stolen from French insurers

Personal data of 33 million French people have been stolen as a result of cyberattack...

Insurers denounce the vulnerability of the US financial sector
Insurers denounce the vulnerability of the US financial sector

The US economy growth is weakened and the financial sector is vulnerable due to press...

The most interesting materials of the site you have in the mail! Subscribe to the newsletter.

ASK A QUESTION TO THE EXPERT
ASK A QUESTION TO THE EXPERT
Submit your application