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    Life Insurance Flyer

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    Michelle Stubbs
    Whole life, universal life, and variable life are types of permanent life insurance that provide coverage for the insured's entire life in exchange for fixed premium payments. Term life provides temporary coverage for a limited term and has lower premiums but no cash value component. When considering life insurance, factors to include are how long coverage is needed, existing debt levels, and the insured's age and life expectancy. The application process involves getting quotes, speaking with an agent, completing paperwork, and potentially a medical exam.

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    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd

    Life Insurance Flyer

    Uploaded by

    Michelle Stubbs
    80 views1 page
    Whole life, universal life, and variable life are types of permanent life insurance that provide coverage for the insured's entire life in exchange for fixed premium payments. Term life provides temporary coverage for a limited term and has lower premiums but no cash value component. When considering life insurance, factors to include are how long coverage is needed, existing debt levels, and the insured's age and life expectancy. The application process involves getting quotes, speaking with an agent, completing paperwork, and potentially a medical exam.

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    Life Insurance Flyer

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    Whole life, universal life, and variable life are types of permanent life insurance that provide coverage for the insured's entire life in exchange for fixed premium payments. Term life provides temporary coverage for a limited term and has lower premiums but no cash value component. When considering life insurance, factors to include are how long coverage is needed, existing debt levels, and the insured's age and life expectancy. The application process involves getting quotes, speaking with an agent, completing paperwork, and potentially a medical exam.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    80 views1 page

    Life Insurance Flyer

    Uploaded by

    Michelle Stubbs
    Whole life, universal life, and variable life are types of permanent life insurance that provide coverage for the insured's entire life in exchange for fixed premium payments. Term life provides temporary coverage for a limited term and has lower premiums but no cash value component. When considering life insurance, factors to include are how long coverage is needed, existing debt levels, and the insured's age and life expectancy. The application process involves getting quotes, speaking with an agent, completing paperwork, and potentially a medical exam.

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    © All Rights Reserved
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    Reasons to Life Insurance Whole Life

    Insurance: Pay the

    buy
    premiums for a
    certain number of
    years in exchange for
    1. To pay for the expenses a predetermined
    of someone passing death benefit. Zero
    risk for the insured
    2. To provide dependents and not much
    with and emergency worrying about the
    policy
    fund in case of death
    3. To provide sufficient Universal Life: type
    funds for the surviving of permanent
    insuance creaed to
    parent/spouse take advantage of
    high interest rates
    Factors to and yield higher

    include earnings on the cash


    value. More flexible
    1. How long you need than the other
    policies, as you can
    coverage increase and decrease
    2. How much debt you you coverage at will
    have (if any)
    Variable Life: both a
    3. How old you and life insurance and a
    what is your life security, meaning it is
    an investment similar
    expectancy to shares of stock,
    bonds, and money
    market accounts.

    Cash Value: would not receive money P


    if you passed, you would only if you
    give up the policy R
    Death Benefit: sum of money your O
    beneficiary receives after your death
    T
    Beneficiary: the person or legal enity E
    that receives the death benefit
    C
    T

    Term Life Insurance : a life Permanent Life Insurance : covers


    insurance policy limited to a specific you for your life time or until a
    length of time, ot term, Therefore if specified age such as 100, whichever
    you die during the term, the death comes first. If you live to the specified
    benefits are paid to your beneficiaries. age, the insurer will pay you your own
    death benefit.

    How to Apply?: 1. Get a quote 2. Speak with an agent 3. Complete an application 4. Take a medical exam

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