If you are looking after the affairs (the estate) of a deceased relative you may not know whether they had any life insurance. Unfortunately there is no central place that holds details of all life insurance policies, so finding out whether there was a life insurance policy is going to take a bit of detective [...]
Continue reading about Life Insurance for a Deceased Relative – How to Locate
Whole life insurance premiums are always much higher than those for term life insurance. Why is this? Read on to get whole life insurance explained…. When the life insurance industry started out all policies were on the term life basis (the insurance only pays out if the insured dies whin the agreed term). This led [...]
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 [...]
