Oct 2 2016

Compare the Best Life Insurance – Rates, Reviews – Ratings #auto #discount

#best life insurance

Policy Types

The chart above displays the percentage breakdown of policy types across all Life Insurance on Credio.

These are the various policies that are offered by the company.

    Term Life Insurance: provides temporary coverage for a specific length of time (the term). It offers a fixed death benefit (tax exempt) and premiums that stay constant, increase, or decrease over time. Term life policies are usually cheaper than permanent policies, but do not build cash value. The only value of the policy is in the protection it provides in the event of the policyholder’s death during the term.

Index Policy Available Riders

Life insurance riders are modifications to the policy made at the same time it is issued. Riders change the basic policy to provide additional features for the person being insured.

  • Rider-Child: Extends coverage to eligible children.
  • Rider-Disability: Waives premiums or pays a benefit if you become disabled.
  • Rider-Guaranteed insurability: Gives you the ability to increase your coverage in the future without additional underwriting.
  • Rider-Guaranteed minimum cash value: Guarantees a minimum cash value, assuming premiums are paid.
  • Rider-Living benefits/terminal illness: Allows you to receive a portion of the policy’s death benefit if you become terminally ill.
  • Rider-Long-term care: Provides an accelerated death benefit that can be used for long-term healthcare expenses.
  • Rider-No lapse guarantee: Guarantees the policy will still be enforced if certain premium payments are made for a given period.
  • Rider-Spouse/other insured: Extends coverage to an eligible spouse or other person.
  • Rider-Survivorship: Provides coverage for two people. Benefits are paid when the second policyholder dies.

    The chart above displays the percentage breakdown of index policy available riders across all Life Insurance on Credio.

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