Life insurance is protection against the death of an individual person in the form of payment to a beneficiary - usually a family-member, business, or institution.
In exchange for a series of premium payments or a single premium payment, upon the death of the insured person, the face value of a life insurance policy, minus any loans or outstanding interest payments due, is paid to the beneficiary.
The proceeds from a life insurance policy naming an individual as the beneficiary is usually paid free from federal income tax.
Learn how a term life insurance policy works and find out why it's the most affordable type of life insurance plan.
Insurance without any Medical Exam,
Just a Few Health Questions.
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