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What is variable life insurance?
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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 does a life insurance policy cover?
Asked by unknown
1 Answers
Term Cover Life Insurance gives you simple, flexible cover that can pay out quickly when it's needed. It could pay out a lump sum if you die. Or be paid out in advance if you become terminally ill providing for your loved ones when you can't.
What is the cash surrender value of a life insurance policy?
Asked by unknown
1 Answers
The cash surrender value is the sum of money an insurance company will pay to the policy holder or annuity holder in the event his or her policy is voluntarily terminated before its maturity or the insured event occurs.