Tag: "life insurance policy"
What is Universal Life Insurance?
The best way to describe Universal Life Insurance is that it is a specific type of flexible life insurance that provides coverage similar to term life insurance with the benefits of tax deferred savings. The advantages to Universal Life Coverage are the policy has the potential for cash value to earn more than the minimum [...]
What is Property and Casualty Insurance?
Property and Casualty Insurance is called General Insurance which comprises of any insurance that is not determined to be Life Insurance. This insurance is a non-life insurance policy. A General Insurance includes automobile, homeowner, pet, creditors, public liability workers comp, and other insurance policies A General Insurance policy provides payments depending on the loss from [...]
Should I obtain a Critical illness policy?
Reader question: Ovarian Cancer runs in my family, Should I purchase a critical insurance policy to protect my family? First lets discuss what a critical insurance policy is. This type of policy is a contract, invented by Dr. Barnard, that pays a lump sum cash payment to the policy owner if diagnosed with one of [...]
Recent Comments