One of the very first decisions you must make when arranging life insurance is what type of policy should you choose – term insurance or whole life. Consider the following checklist to see which type might suit you best: Reasons For Choosing Term Cover 1. Budget for premiums. If your budget for premiums is small, [...]
Continue reading about Whole Life Vs Term Insurance – Which is Best Or You?
When choosing different types of life insurance there are two main categories to consider: 1. Term life insurance. This type of life insurance covers the insured person against death during a specified period (or term). The policy will only pay out for death (or for some policies terminal illness) within the insured term. 2. Whole of [...]
Before the insurance industry invented whole life policies, all life insurance was in the form of term life insurance. This is where an insurance company agrees to pay your beneficiary the agreed insured sum if (and only if) you die within the term of the insurance policy. In return for this you pay an insurance [...]
