TodayInsurance.net

Term life insurance is a temporary life insurance covering specific period of time. In this type of policy the insured or the owner pays a premium for a period. The insurance company provides monetary benefit to the beneficiary in case of death of the insured during that period. It is the cheapest type of life insurance available to the general public. Usually the benefit received on death of the insured is income tax free.

There are four parties in term life insurance. The owner is the one who pays the premium. The Insured is the one on whose death, a death benefit(face value) will go to the beneficiary. The beneficiary is one who will receive the proceeds of insurance on death of the insured. The insurer is the company providing the insurance. Premium is the monthly or periodic payment made by the owner to the insurance company.

For instance, Amanda pays monthly 50 dollars to ABC Company for insuring the life of Bill (her husband) for a period of 10 years. In case Bill dies during t (more...)

Before you get an online quote for disability insurance here are some terms that you might want to familiarize yourself with. Knowing the lingo can go a long way towards helping you acquire the disability insurance that is right for you. The reason that it is important for you to know some of these terms before you access an online quote for disability insurance is so that you do not confuse yourself or the insurance agent or broker that you are dealing with.

Beneficiary - If you take out disability insurance the beneficiary or beneficiaries are those named in the contract that you have with the company. In some instance it is not just the injured party who is eligible for benefits but also a spouse or children who may be affected by a person s inability to work anymore.

Credit Inquiry - To decide whether or not you are a high-risk client many insurance companies now look at your credit report. When they do this they make a credit inquiry on your credit report. Each inquiry made by each sepa (more...)