ASK & ANSWER | Browse questions and answers from our community experts
Showing 1 - 3 of 2960 results.
What does the term mean in term life insurance?
Asked by unknown
1 Answers
If the life insured dies during the term, the death benefit will be paid to the beneficiary. Term insurance is typically the least expensive way to purchase a substantial death benefit on a coverage amount per premium dollar basis over a specific period of time.
What is variable life insurance?
Asked by unknown
1 Answers
Variable life insurance is a permanent life insurance policy with an investment component. The policy has a cash value account, which is invested in a number of sub-accounts available in the policy. A sub-account acts similar to a mutual fund, except it's only available within a variable life insurance policy. A typical variable life policy will ha
What is a short term life insurance policy?
Asked by unknown
1 Answers
Short term life insurance is usually issued at the same time as short term health insurance, often a the time of a change in employment. In other words, the less expensive accidental death is more appropriate when used for short term coverage than it would be as a substitute for a long term life insurance policy.