Types of Life Insurance Policy

1 07 2008 Autor: Sherill

www.moneymind.sg

There are two basic life insurance policies. First is a term protection policy where the benefit is provided to the beneficiary upon a certain period. The second is an investment policy where the aim of the policyholder is to invest in the policy and get a return on their capital. Some of these types of policies are variable life, universal life, and whole life. Normally, all kinds of death are covered by these life insurance policies – either through an accident or sickness. However, suicide within the first two years of the policy’s implementation is not allowed. Meaning, the beneficiary will not be able to claim the sum of money if this is the cause of death.

 Posted on: Tuesday, July 1, 2008 at 6:39 pm and is filed under the category Related Topics.
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