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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.

When consumers purchase whole or universal life insurance, they typically are told that if they make payments of a certain size for a certain number of years, their policies will be fully paid up, with no additional payments required for a lifetime of coverage and death benefits for their heirs.

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.

Generally the amount of protection you need is a combination of what it would cost to help your surviving family members and dependents meet their current needs (like taxes, food, clothing, utilities, mortgage payments, etc.) plus future obligations (like college and retirement funding) minus the resources that your surviving family members could

The cost of getting an affordable whole life insurance depends on many factors. The cost may vary under the consideration of factors like gender, age, health, residence, occupation, and the type of the policy you have considered to take. The more all of these factors fit in satisfactorily, the cheaper the policy premiums will get.

There are mainly 5 types of whole life insurance policies that are offered by insurance agencies. They are single premium whole life insurance, limited payment whole life insurance, ordinary whole life insurance, survivorship life insurance, and modified premium whole life insurance. Any one among these can be chosen. They differ in terms of the pa