What is Life Insurance?
June 13, 2022
Life insurance provides protection against economic loss by enabling the policy owner to share the loss with others exposed to similar risk. It
Life insurance provides protection against economic loss by enabling the policy owner to share the loss with others exposed to similar risk. It
What is VUL? Also called Variable Universal Life, Variable Unit-Linked, or non-traditional life insurance. VUL is an investment-linked life insurance plan that provides life insurance
Life Insurance helps people meet financial losses through the following laws and principles: Risk Sharing – a group of people places a fund together in
To answer this question, the best answer is to cite the promulgation of the Insurance Code on July 23, 2012 as an amendment that aims
Importance of Life Insurance as a whole Life insurance is important for “Critical Years” – this is the period of your life when your children are still
The best life insurance in the Philippines can be determined by its financial reports. This means that a company is trusted, stable, and has enough
Life insurance applications usually carry large amount of information relating to the insurability of the applicant such as employment, medical condition, and family history. Why
What is Traditional Life Insurance? Policyholders do not have investment options but may savings or guaranteed cash components Premiums, cash values and death benefits are
Modified Life Policy is where the initial premium rate applies to the first 5 years of the policy and a higher premium rate applies to
“Substandard rate” – refers to premiums charged to persons who are considered higher-than-average risk categories or applicants with moderate physical impairments. Increased rates. Applicants with
Revocable primary beneficiary vs. Irrevocable primary beneficiary vs. Contingent In general, beneficiaries can only receive the policy proceeds if he is alive at the time
Cash Value – is the savings element that builds up in permanent insurance plans Cash Surrender Value – the sum of money an insurance company pays to