We are one of the popular California insurance providers and offer different health care coverage to our customers. Here is the list of the various insurance policies offered at Master Life Insurance:
Term Life Insurance Whole Life Insurance Non medical Life Insurance Diabetics Life Insurance Final Expense Life Insurance Universal Life Insurance Seniors Life Insurance
Term life insurance is called as the pure life policy protection due to its different characteristics. In this article, we are going to see about its features and other issues that are related with this life insurance policy. Itâ€™s a well known fact that this life insurance policy provides fixed rate of payments for limited period of time and after the period expires, the client must either forgo or potentially obtain the coverage. This life insurance is the least expensive way to purchase coverage and also it is called as the original form of life insurance. This life insurance policy is purely for income replacement needs of an individual and it provides the insured and their beneficiaries with financial securities at a cheap price. The other aspect of this policy is the beneficiary that the insured nominated will get the monetary benefits upon the death of the insured.
In whole life or variable life insurance policy, the part of the premium goes for investment fund whereas in term life insurance, no part of the premium is used for investment purposes and in short, the premiums in this policy pays the insured. When you compare the other types of life insurance policies, they seem to be expensive, but the premium for this policy is inexpensive when compared to other policies. If you have planned for estate planning needs or charitable strategies, then this policy doesnâ€™t suit and this policy is purely a death benefit policy and covers all the financial responsibilities of the insured. The financial experts and insurance experts recommend this policy to cover the potential expenses. The most beautiful part of this policy is you can avail this life insurance as per your wish in different terms of years.
For example, you can avail this insurance policy for a term of 5, 10, 15, 20, 25 and more years. It all depends on your wish and the simplest term for this insurance is one year. This Term insurance seems to be a logical option if you have dependents or a credit because it will help you to repay your mortgage after your death and your loved ones will not face any financial crisis after your death if you avail a policy that is worthy to you. Selecting your term insurance matters and the best term you select will match all your repayment terms and mortgages and also, it helps to clear all your mortgage repayments. There are different types of coverage available and select the right type that suits your demands. Some of their kinds are annual renewable term and level term and in annual renewable policy, you need to renew your policy once in a year. In level term, the premium paid for each year remains the same and it includes a renewable option in which the insured can renew their policy for maximum guaranteed rate.
Contact the insurance companies for free online life insurance quotes and if you are in California, you can get CA life insurance quotes from them and can make your insurance a better one. According to the title, it is purely a life policy protection since it has no cash value.
Published on Jan 20, 2011
Published on Jan 20, 2011
Term life insurance is called as the pure life policy protection due to its different characteristics. In this article, we are going to see...