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:

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:

Related Insurance Articles Subscribe to RSS

Musical insurance lets you compose music with a free mind
Published by Michel Jordan on March 22nd 2012 | Insurance
The above write-up states the benefits of choosing a musical insurance provider to cover valuable eq...
How to go about getting cheap van insurance
Published by Gregorypeck on March 20th 2012 | Insurance
There is no doubt that if you have a van, you need van insurance coverage. As you probably know, van...
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...
My cheap car insurance – ways to find car insurance for young drivers
Published by Harrisonford on March 29th 2012 | Insurance
If you are looking for car insurance for your son or daughter, you may be a little anxious how to fi...
Financial barriers in front although product liability insurance is outstanding
Published by Andrew Edwards on March 21st 2012 | Insurance
It is quite a possible obsession to happen with the manufacturers to face a situation they never exp...
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...
Tips that can help in getting cheap van insurance
Published by Gregorypeck on February 28th 2012 | Insurance
Previously the use of van was very limited but now people of different professions use it. Buying a ...
Get your health cover from Georgia health insurance plan
Published by Ricky Martin on June 20th 2012 | Insurance
People can cover their health related issues from Georgia health insurance plan, and can enjoy your ...
Cheap classic car insurance – tips to find the best company
Published by Anneshirley on March 20th 2012 | Insurance
Having a classic car is a great source of pleasure. No matter for what purpose you use your classic ...
Think about commercial insurance before startup
Published by Andrew Edwards on May 12th 2012 | Insurance
You really think commercial insurance has some significance while running business...
Getting best deals on cheap auto insurance in Nevada
Published by Alabamaauto Insurances on January 17th 2012 | Finance
There are hundreds of resources that can help you to win that much desired cheap auto insurance in N...
Tips to use Car insurance comparison website
Published by Jameshaven on March 16th 2012 | Insurance
Who does not want to save money? Car insurance is something that every owner of the car needs but so...
A preliminary understanding Connected with Car insurance policy Benefits
Published by Shyam Singh on February 23rd 2012 | Insurance
A lot more gas mileage people get, the greater these premiums on the insurance policy will likely be...
A brief overview of high risk auto insurance
Published by Jerry on March 10th 2012 | Insurance
Auto insurance seems to be a necessity for every driver to minimize the risk after any accident. As ...
Individual dental insurance plans
Published by Lessardcasey on February 11th 2012 | Insurance
Everyone at some point has been to the dentist throughout his or her life. Most of america can relat...
How commercial insurance smooth the progress of home based business
Published by Andrew Edwards on December 6th 2011 | Insurance
Test your business skills first before starting a home based business...
Georgia health insurance plan supports you during your bad time
Published by Ricky Martin on June 20th 2012 | Insurance
Whenever you are in trouble, you need some helping hand at that time. Those phases called bad times ...
How to Use Insurance Index to Find Best Car insurance Quotes?
Published by Insurance Inde on January 17th 2012 | Insurance
Insurance has been a very important part in our life be it a life insurance, health insurance and le...
Tips for effective Car insurance comparison
Published by Geenadavis on March 28th 2012 | Insurance
In order to obtain the lowest insurance rates it is a wise idea to compare various quotes. This will...