Category Archives: Term Life Insurance
Life insurance for cancer sufferers
Life Insurance for Cancer Sufferers
Insurance companies are in the profession of making money from their policies. Each policy issued is a gamble. Companies need to gain more in premiums then they will be required to pay out in claims. It is not in an company’s best interest to take on a policy that is likely to require a higher pay-out. So, how to you get Life Insurance for Cancer Sufferers if the risk is increased?
With regards to life insurance this poses a problem for people who are known to have existing medical conditionals, inherited diseases, or are diagnosed as critically ill (or any other factor that may reduce their life expectancy).
It is not in a life insurance company’s interest to offer them normal life insurance policies – they will probably lose money on the deal.
What Is A 10 Year Life Insurance Policy?
The 10 year term life insurance policy is one of the most easily explained and simplest types of life insurance. This policy has a guaranteed level premium and level death benefit for 10 years. With some insurance companies the insured is allowed to renew the policy every 10 years until approximately the age of 75.
A 10 year term life insurance policy is an excellent choice for high death benefit at a low premium. If you have a need for a large amount of life insurance on a limited budget, the 10 year term life insurance policy is ideal.
Which Type Of Life Insurance Is Best For You?
Which Type Of Life Insurance Is Best For You?
In regards to life insurance there are two basic types, one being term and the other permanent. But, which type of life insurance is best for you?Term insurance provides life insurance for the amount of time that the policy holder specifies. If the insured dies within the specified time, the face value of the policy will be given to the beneficiary. However, if he does not die within that time span and the policy is not renewed, then nothing will be paid out. Permanent life insurance on the other hand, provides insurance protection for the policy holder’s life span. In addition, there is a savings element. There are two common types of permanent insurance: whole life insurance and universal life insurance.
