Article Side

Online Article Directory!

Hello Guest! Login or Register to submit articles!

Know the types of Life Insurance well before opting for one

By Max York Subscribe to RSS | March 9th 2012 | Views:
loading
 
  



When planning to buy a life insurance plan there are many options available, but which of these is apt for you is the choice that needs to be made wisely. Presently every life insurance company is offering numerous plans that can confuse insurance buyers. More choices however give buyers the liberty to choose what is apt for them and then take the final call. Below mentioned are some of the most opted for life insurance plans that you can consider opting for.

Term life insurance: Term life insurance plans can be purchased for a specific term or period. This insurance plan is a sort of agreement between the insurance company and the policy buyer wherein the nominee is entitled to receive the agreed upon amount after the policy holder’s death. The time duration can be chosen by the policy buyer which normally varies from 5 to 30 years. By taking this policy the policy holders can be sure, their loved ones will get the assured amount of money when they aren’t present to help them financially.

Money back life Insurance: As the name suggests, a money back life insurance plan will give the policy holder survival benefits. When a person opts for such a policy, he can choose the coverage period, in case of his death within the coverage period the beneficiary gets the whole assured amount. However if the insured person is alive until the policy duration, he is entitled for money back option as survival benefits. Thus money back policy can be a good savings option and act as a savoir for the nominees after the policy holder’s death.

Endowment life insurance: An endowment policy guarantees monetary benefit to the beneficiaries after the death of the policy holder. In case the policy expires before the insured person’s death he himself is entitled to receive the lump sum amount. If the policy holder is unable to continue the policy he can choose the option of surrendering it and is eligible to receive certain amount of premium payments he had made. This way the policy isn’t lapsed and the holder will be assured certain amount of money even though he chooses to discontinue.

Unit Linked insurance (ULIP): For people who wish to earn more out of their life insurance investments, ULIPs are the ideal option. In such kind of policies, the premium amount the policy holders pay is invested in the stock market thus increasing the final amount that they will receive after the policy matures. These policies give dual benefits of acting as a life insurance on one hand and a good market investment opportunity on the other hand.

Life insurance plans, currently come along with many other added benefits that the buyers can benefit from. If you too are planning to buy a life protection insurance plan consider knowing the available options well before making the final choice.

Max York - About Author:
When looking for the apt Life insurance Plan, thoroughly go through all the available options. To know more about child life insurance , visit us here.

Share on Facebook Tweet It Stumbleupon this post This post is delicious !

Article Source:
http://www.articleside.com/insurance-articles/know-the-types-of-life-insurance-well-before-opting-for-one.htm

Related Insurance Articles Subscribe to RSS

Get a car insurance to protect your asset
Published by Robert King on January 20th 2012 | Finance
Car insurance is an instrument which covers for all the unforeseen dangers associated with a car. Ca...
 
Efficient ways to get cheap car insurance
Published by Robmichae on March 2nd 2012 | Insurance
It was never this easy to get the car insurance quotes. With your fast internet browsing speed you c...
 
Commercial insurance: Perfect Plan designed for small businesses
Published by Andrew Edwards on April 2nd 2012 | Insurance
Consider the plan next time while starting a small business and don’t have sound knowledge of the ...
 
Finding online life insurance quotes is safe and secure
Published by Haris Portfield on February 20th 2012 | Insurance
With their inclusive approach to insurance, websites make it easy for the insurance consumers to fin...
 
Best and Inexpensive health insurance
Published by Lessardcasey on February 11th 2012 | Insurance
The place to start to search for inexpensive health insurance if you have a low income or if you hav...
 
What are the advantages of buying insurance online at my cheap car insurance
Published by Harrisonford on April 12th 2012 | Insurance
Cars have become the basic necessity of most of the people. Everyone wants to have his/her own trans...
 
Where to find cheap van insurance?
Published by Carleson on December 8th 2011 | Insurance
Is finding suitable as well as cheap van insurance driving you crazy? Don’t worry, this article ma...
 
Valuable information about car insurance coverage to save your cars from unwanted loss
Published by Jameshaven on March 5th 2012 | Insurance
Car insurance is something you have to have. It is something mandatory as per law. Even if we omit l...
 
How to get the cheapest car insurance
Published by Harrisonford on February 28th 2012 | Insurance
You think that cheap car insurance does not exist? Well you are wrong about it. You can actually get...
 
All about major medical health insurance
Published by Johndy Sons on March 21st 2012 | Insurance
There are several individuals in the globe who don't know the value of well being insurance in any r...
 
Provide the best insurance for your car with the best insurance quotes
Published by Jameshaven on March 5th 2012 | Insurance
You just purchased a car recently, it is now very important for you to secure your car with the car ...
 
Insurance broker helps acquiring commercial insurance quotes
Published by Andrew Edwards on February 4th 2012 | Insurance
If you don’t have sufficient time to search for commercial insurance online then insurance broker...
 
Awesome car insurance is in North Carolina
Published by Alabamaauto Insurances on January 17th 2012 | Finance
Just like the case is in many other states, it is imperative to have auto insurance North Carolina i...
 
Auto insurance: a must for everyone!
Published by Jerry on March 13th 2012 | Insurance
These days, the demand for auto insurance is quite high. People usually buy auto insurance right aft...
 
Classic car insurance requirements
Published by Johnjakson on January 30th 2012 | Insurance
If you have a classic car, most likely it is one of the most valuable possessions. Defending and mai...
 
Say no to restriction imposed by cheap classic car insurance lenders
Published by Anneshirley on April 12th 2012 | Insurance
Classic car are the heritage cars, so if you own one then you are the lucky person on earth. It is a...
 
Why you should acquaint yourself with auto insurance claim procedures
Published by Jerry on March 14th 2012 | Insurance
If you are straight out of driving school and own your first car, you may not know how to deal with ...
 
Private Hire Taxi Insurance will provide you best insurance
Published by Atif Saleem on December 10th 2011 | Insurance
If you have taxi driver and want to get batter taxi insurance with a driver, you can get information...
 
Low cost medical insurance procedure
Published by Lessardcasey on March 28th 2012 | Insurance
Low Cost Medical Insurance is difficult to come by these days, but there is one superb company out t...
 
Cheap car insurance for young male drivers
Published by Ahmadgill on December 22nd 2011 | Insurance
You will be worried to know that a man pay a heavy to get insurance of a best company then the women...