tag:blogger.com,1999:blog-53689675174756667682011-04-21T13:35:30.802-07:00Kyle J. Nortonhttp://www.blogger.com/profile/08867522342451606309noreply@blogger.comBlogger11100tag:blogger.com,1999:blog-5368967517475666768.post-67523146147400411242008-10-26T07:01:00.001-07:002009-04-05T19:47:21.534-07:00Advertisement<br /><a href="http://langtonlam.ltcsecrets.hop.clickbank.net/">Long Term Care Insurance Consumer Buying Guide.</a><br /><a href="http://langtonlam.insurleads.hop.clickbank.net/">Insurance Leads Generation.</a><br /><a href="http://langtonlam.tonybahu.hop.clickbank.net/">Annuities: The Shocking Secrets Revealed.</a><br /><br /><br /><a href="http://kylenorton.homemadeen.hop.clickbank.net/"><img style="width: 405px; height: 64px;" src="http://homemadeenergy.org/aff/468x60.gif" /></a><br /><br /><a onblur="try {parent.deselectBloggerImageGracefully();} catch(e) {}" href="http://kylenorton.wildmedia.hop.clickbank.net/"><img style="margin: 0pt 10px 10px 0pt; float: left; cursor: pointer; width: 425px; height: 94px;" src="http://www.foreclosuredefensesecrets.com/images/general16-800x600-blue_02.jpg" alt="" border="0" /></a><br /><span style="color: rgb(0, 0, 0);font-family:verdana;" ><br />As we mentioned in previous article, </span><span style="color: rgb(0, 0, 0);font-family:verdana;font-size:100%;" >A life insurance policy is evidence of a contract between two parties; one party is the life insurance company and the other party is the policy owner.</span><span style="color: rgb(0, 0, 0);font-family:verdana;" > In this article, we will discuss types of life insurance.</span><br /><span style="color: rgb(0, 0, 0);font-family:verdana;" >There are 3 Types of life insurance</span><br /><span style="color: rgb(0, 0, 0);font-family:verdana;" >1. Term Insurance</span><br /><span style="color: rgb(0, 0, 0);font-family:verdana;" >Term insurance is the oldest form of life insurance. In the term insurance policies, </span><span style="color: rgb(0, 0, 0);font-family:Verdana;font-size:100%;" ><i style="font-family: verdana;"> </i><span style="font-family:verdana;">the insurance company promises to pay the sum insured,</span><i style="font-family: verdana;"> </i><span style="font-family:verdana;">if the life insured dies within the period specified in the policy; if the life insured is alive at the end of the period, the policy terminate</span>s on that date <b><i> </i></b>and the life insurance protection ceases. term insurance has the following characteristics<br />a) </span><span style="color: rgb(0, 0, 0);font-family:Verdana;font-size:100%;" >Increasing term<br />b) Decreasing term<br />c) Fixed-period term<br />d) Renewability and convertibility<br />e) Re-entry Term<br />d) </span><span style="color: rgb(0, 0, 0);font-family:Verdana;font-size:100%;" >Term to 100 plans<br /><br />2. Permanent insurance<br /></span><span style="color: rgb(0, 0, 0);font-family:Verdana;font-size:100%;" >During the early policy years, the premium would be more than enough to cover the risk; the difference would be invested to form policy reserves,<b> </b>to subsidize what would otherwise be an inadequate premium in the later years: This concept still remains the basis for calculating premiums for all permanent insurance contracts.<br /><br />3. Universal life<br /></span><span style="color: rgb(0, 0, 0);font-family:Verdana;font-size:100%;" >Unlike a whole life policy, its premiums can be increased or decreased, paid when due or at unscheduled dates, or stopped entirely and restarted at the owner's will-- provided the policy value is adequate to maintain the cost of the insurance. </span><span style="color: rgb(0, 0, 0);font-family:Verdana;font-size:100%;" >Flexibility exists in the options to increase or decrease the policy's face amount; evidence of insurability is usually needed for the increases. </span><span style="color: rgb(0, 0, 0);font-family:Verdana;font-size:100%;" >This policy can be adapted to satisfy the changing insurance and investment needs of its owner; because it generally has few long-term guarantees, however, a universal life policy should be reviewed regularly.<br /></span><span style="color: rgb(0, 0, 0);font-family:verdana;" >I hope this information will help. If you need more information, you can read the complete series of the above subject at my home page:</span><br /><br /><a style="color: rgb(0, 0, 0); font-family: verdana;" class="linkification-ext" href="http://lifeanddisabitityinsuranceunderwriter.blogspot.com/" title="Linkification: http://lifeanddisabitityinsuranceunderwriter.blogspot.com/">http://lifeanddisabitityinsuranceunderwriter.blogspot.com/</a><br /><a style="color: rgb(0, 0, 0); font-family: verdana;" class="linkification-ext" href="http://lifeinsuranceii.blogspot.com/" title="Linkification: http://financialinvesting09.blogspot.com/">http://lifeinsuranceii.blogspot.com/</a><br /><span style="color: rgb(0, 0, 0);font-family:Verdana;font-size:100%;" > </span><div class="blogger-post-footer"><img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/5368967517475666768-6752314614740041124?l=lifeinsuranceii.blogspot.com' alt='' /></div>Kyle J. Nortonhttp://www.blogger.com/profile/08867522342451606309noreply@blogger.com1