Whole of Life Insurance “Whole of Life” insurance guarantees to pay a lump sum at the time of death of the policy holder. The payout will be triggered at any time of death as long as the policy holder maintains the regular premium payments. There is an additional guarantee that the premiums and sum insured …
Guide to Life Insurance Over 50 – Types of Life Insurance
Types of Life Insurance Life insurance is also known as Life Assurance. However, the terms “insurance” and assurance” have two different specific meanings. “Insurance” is used in reference to providing cover for an event that might happen such as fire, flood, burglary, etc. “Assurance” is a term used to describe the cover for an event …
Life Insurance Over 50 – Your Options
Life Insurance Over 50 – Types of Policies In the UK today there are many types of life insurance policy available. Some of the main types which are designed to protect you and your family are briefly described below. Decreasing Term Life Insurance Decreasing term life insurance provides a lump sum payment to the beneficiaries …