What are the main types of life insurance?
The main types of life insurance are: Term Life Insurance: Provides coverage for a specific period (term) and pays out a death benefit if you pass away during that term. Whole Life Insurance: Offers coverage for your entire life and includes a savings or investment component called cash value. Universal Life Insurance: Combines a death […]
How is the premium for life insurance determined?
Life insurance premiums are determined based on factors such as your age, health condition, lifestyle, the type and amount of coverage you choose, and the duration of the policy.
Does life insurance cover all causes of death?
Most life insurance policies cover death from all causes, with some exceptions. Suicide may have a waiting period (typically one or two years) before being covered by the policy.