Life insurance
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Life insurance is money for your family to use to pay your bills and death expenses when you die. A person must be healthy to purchase a life insurance policy. The amount of life insurance needed depends on the person’s family’s needs when they die. Some things to consider when purchasing a life insurance policy are, marital status, the number of dependents, (wife, kids, etc.) family size, income, and wealth. Life insurance has different types of policies.
Types of life insurance
- Term life insurance
- Whole life insurance[1]
- Universal life insurance
- Indexed universal life insurance
- Variable life insurance
- Variable universal life insurance
- Final expense insurance
- Group life insurance
Life Insurance Media
Life insurance certificate issued by the Yorkshire Fire & Life Insurance Company to Samuel Holt, Liverpool, England, 1851. On display at the British Museum in London
Amicable Society for a Perpetual Assurance Office, established in 1706, was the first life insurance company in the world.
Life insurance premiums written in 2005
Chart and structure of a life insurance policy.
References
- ↑ "Whole Life Insurance - How Does It Work?". www.insuranks.com. Retrieved 2021-01-09.
