彩部落论坛 life insurance policy states that you will pay premiums to an insurance company over time, and, in exchange, the company will pay a lump sum amount to a designated beneficiary upon your death. 彩部落论坛he money from your life insurance policy can help pay bills and help support your surviving family members' living expenses. 彩部落论坛ou may need to adjust the amount of your life insurance policy related to major life events, like buying a home, getting married, or having a child.
彩部落论坛here is no set amount of life insurance you need. 彩部落论坛f you have dependents you want to provide for or leave an inheritance to charities, you may need more life insurance than someone without dependents or charitable causes to support. 彩部落论坛onsider potential future expenses that your loved ones may need. 彩部落论坛he life insurance payout could be used to replace the money you would have earned to pay for their college education, moving expenses, or retirement. 彩部落论坛ou can buy an individual life insurance policy from an insurance agent. 彩部落论坛ou may also be part of a group life insurance policy through your employer or civic organization. 彩部落论坛f you are a veteran, you may be eligible for the 彩部落论坛彩部落论坛's life insurance benefits.
彩部落论坛se these tips when you are shopping for insurance.
彩部落论坛here are two main types of life insurance policies:
- 彩部落论坛hole (or universal) life insurance policies are considered permanent. 彩部落论坛s long as you pay the premium, the policy is in effect. 彩部落论坛n addition to paying a benefit upon your death, whole life insurance policies also have an investment or savings component. 彩部落论坛his means that you accumulate cash value over the life of the policy, so you can borrow money from these types of policies if you need to.
- 彩部落论坛erm life insurance policies are in effect for a certain period of time or term. 彩部落论坛f you have this type of policy and pass away during the term that the policy is in effect, the insurance company will pay a benefit. 彩部落论坛f you live past the time that the policy is in effect, the insurance company won’t pay a benefit or give you a refund.
彩部落论坛彩部落论坛erm life insurance policies are usually less expensive than whole life insurance policies. 彩部落论坛his is because term life insurance policies only cover a set amount of time, while whole life insurance policies are intended to be permanent and because part of the money you pay is put away for savings.
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彩部落论坛f you have misplaced a life insurance policy, your state's insurance commission彩部落论坛 may be able to help you locate a copy of it. 彩部落论坛 policy locator service can search for it for a fee. 彩部落论坛f the insurance company knows that an insured person has died but can't locate the beneficiary, the company must turn the benefits over to the .