Secured life with term life

We are talking about organizational design, development in this blog. In last blog we talked on modern view point. Today I like to talk about life insurance. Which I was working in my company, we receive a call from advance life insurance agents and he want to come to our company to talk on Term life insurance quotes they are offering.

 

We all were exited to know about term life insurance. He came to our company and explain us a brief idea about term life. He said term life insurance is life insurance which provides coverage for a limited period of time. The term period starts from 5 years, 10 years, 15 years, 20 years, 25 years and 30 years. He said we can add up security in our life with term life insurance. The term period is called relevant term period. After that period, the insured can either drop the policy or pay annually increasing premiums to continue the coverage. If the insured dies during the term, the death benefit will be paid to the beneficiary. Term insurance is often the most inexpensive way to purchase a substantial death benefit on a coverage amount per premium dollar basis.

 

Term life insurance is the original form of life insurance and is considered to be pure insurance protection because it builds no cash value. This is in contrast to permanent life insurance such as whole life, universal life, and variable universal life. Term insurance functions in a manner similar to most other types of insurance. More in next post.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: