Whole Life

Preneed Life Insurance Policy

Preneed Life Insurance Policy

Preneed life insurance policies are whole life policies that are usually offered to senior citizens. These policies typically ensure that the funeral, cremation, or burial ...

Insurance Bond: A Tax Deferred Investment

Insurance Bond: A Tax Deferred Investment

An insurance bond is a type of life assurance policy that has one single premium and is used as a tax free investment vehicle in countries ...

Universal Life Insurance

Adjustable Life Insurance: A Flexible Option
Adjustable Life Insurance: A Flexible Option

Adjustable life insurance makes the life insurance policy more flexible and consumer friendly. Usually in an adjustable life insurance the premiums and coverage offered can be ...

Variable Universal Life Insurance
Universal Life Insurance
Insurance Underwriting: Risky Business

Insurance Underwriting: Risky Business

Underwriting is a broad term used for assessing the risks involved in offering a financial product to a consumer. Underwriting is basically the evaluation of the risk that the company will face and whether the insured is eligible for insurance. It is ...

Unit Linked Life Insurance Plan

Unit Linked Life Insurance Plan

Unit linked Insurance plan is one that provides life insurance where the policy value varies according to the change in the value of the assets at ...

Actuary

Actuary

An actuary is a professional who specializes in dealing and calculating risks and their financial impact. An actuary is a very broad term for a professional ...

Actuarial Science

Actuarial Science

Actuarial science is used to determine the risks involved in the insurance and financial sector. Actuaries are professionals who are employed to do this job using ...

93 Life Insurance Related Terms

93 Life Insurance Related Terms

Life insurance or for that matter any type of insurance is a little complicated to understand for people who have no formal education in finance related ...

Reducing Life Insurance Costs

Reducing Life Insurance Costs

Life insurance is indeed a matter of life and death. However, the primary function of this product is financial damage control under fatal unforeseen circumstances. On ...

Life Insurance Basics

Life Insurance Basics

Life insurance covers the risk of financial loss due to the death of the policy holder. However, there may be other parties to this contract. A ...

What Is A Cash Value?

What Is A Cash Value?

A cash value is offered to the policyholder by the insurance company if the contract is canceled prematurely. To be given the cash value, the policyholder is usually obliged to give up the policy received at beginning of the contract to the issuing life insurance company ...