What is Term Life Insurance? (with picture)

birla sun life insurance policy status

What is Term Life Insurance?

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Of the many different types of life insurance available to consumers, term life insurance is generally regarded as the most inexpensive of the lot. In general, a life insurance policy pays a monetary benefit to the named beneficiary upon the death of the insured. Popular types of insurance include: whole life, variable life. and term life. While part of the premium in a whole life or variable life insurance policy goes into an investment fund, no part of the premium in a term life insurance policy is used for investment purposes. In short, the premiums in a term policy pay for the insurance.

Term policies are by far the cheapest form of insurance--at least in the beginning. For instance, a 30-year-old, non-smoking male, may pay $2,500.00 a year for a whole life policy with a death b... http://insurance-a.ucoz.com/news/birla_sun_life_insurance_policy_status/2013-06-22-3728