What Type Of Life Insurance Is Right For Me?

Definition of "What type of Life Insurance is right for me?"

A life insurance policy can help enable your family to remain financially if you or your spouse should die. Insurance company understands that life is constantly changing, so we have developed a variety of life insurance policies to meet your changing needs. And, because many families depend on two incomes just to make ends meet various companies, offer that can insure more than one person . protecting the total family income.

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Popular Insurance Glossary Terms

Allocation of funds in a retirement plan. ...

Period when the accumulated assets in an annuity are returned to the annuitant. An annuity may be purchased either with a single payment or with many payments over the life of the contract. ...

Coverage for personal effects of a tourist, including apparel, books, toilet articles, watches, jewelry, luggage, portable typewriters, photographs and photography equipment and supplies. ...

Same as term Concurrency: in which at least two insurance policies provide identical coverage for the same risk. ...

Types of contracts that insure building contractors for damage to property under construction. The completed value form requires a 100% coinsurance because insurance carried must equal the ...

Same as term Fortuitous Loss: loss occurring by accident or chance, not by anyone's intention. Insurance policies provide coverage against losses that occur only on a chance basis, where ...

Losses representing claims paid. ...

Shortened report showing pertinent insurance policy information, copies of which are distributed in the insurance company's home office and branch offices, as well as to agents and brokers. ...

Number of times losses occur, and their severity. These statistics measure expectation of loss, and are critical in establishing a basic premium or the pure cost of protection that is based ...