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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 expenses are paid first in case of the policyholder’s death. Such policies are not restricted to older people and can ...

 
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 such as U.K. After the ...

Corporate Owned Life Insurance: Nothing Personal

Corporate Owned Life Insurance: Nothing Personal

Corporate owned life insurance (COLI) is taken out by a company for their employees; however the death benefit goes to the company instead of any relatives or family members of the ...

Whole Life Insurance: Types

Whole Life Insurance: Types

Whole life insurance is one that which remains in force for the whole life of the insured person. The need for such insurance arose because all insurance policies used to be ...

A Valued Policy: An Overview

A Valued Policy: An Overview

A valued policy is one in which the full face value of the policy is paid in the event of complete loss; it does not matter what the actual value of ...

Life Insurance Trust

Life Insurance Trust

A life insurance trust is one which is non-revocable and cannot be changed once it is started. The trust acts as the possessor and the receiver of the profits from one or more life insurance policies. In ...

Permanent Life Insurance

Permanent Life Insurance

Permanent Life Insurance is a type of insurance that stays in force until the policy matures or till the event of the death of the insured person. These are more binding and expensive compared to term insurances. However, these are more ...