Life Insurance Policies – Compare Policy Rates Here
The Two Types Of Life Insurance Policies
Currently there are two major types of life insurance policies. The first one is called term life insurance. This policy can be taken out for a certain time period (or term), this can be 5, 10, 20 or more years. If it happens that the policy holder should pass away in this time period, the agreed amount would be paid out to the family. The thing that you should know about this type of life insurance policy is that it doesn’t build any cash value. In other words, if the term is over, you would receive none of the money. Many companies, however, would give you an opportunity to extend the term right before it expires.
The second type of life cover insurance policy is called the whole life insurance policy. Other than term life insurance, this policy does build cash value. The thing about this policy is that you usually pay the premiums for the rest of your life. When you pass away, a certain amount is paid to family or whoever you may choose. The amount, however, can change from insurer to insurer.
Compare Quotes Of Different Life Insurance Policies
At the top of this page we will provide a short form for you to fill in your personal details. After doing this, a consultant will call you back and discuss your options as well as the different insurance quotes therefore. Go and compare life insurance policies now.