How permanent life insurance is different than term life insurance

While premiums for permanent life insurance may be higher compared to a term life policy, you are paying for the opportunity to accumulate cash value and have a lifetime of coverage. When ...

Insurance vs assurance

The specific uses of the terms “insurance” and “assurance” are sometimes confused. In general, in jurisdictions where both terms are used, “insurance” ...

Universal life coverage

Universal life insurance (ULl) is a relatively new insurance product, intended to combine permanent insurance coverage with greater flexibility in premium payments, along with the potential ...

Life insurance

Life insurance is a contract between an insurance policy holder and an insurer or assurer, where the insurer promises to pay a designated beneficiary a sum of money (the benefit) in ...
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