Purpose
What do you pay for life insurance.
A premium
insurance is paid out over a specific period of time for example 10-30 years with lower premiums
Life insurance
Is the lump some paid taxed?
NO
Life insurance is split into two options what are these options?
Whole life and life.
What does life insurance help provide?
financial security to your loved ones upon your death.
life long coverage with a fixed premium and a cash value that grows overtime
Whole life
In what cases could payment be denied?
If premiums are unpaid.
a resume you send when you apply to a job and life insurance.
Application
Who often provides life insurance
Your employer.
which insurance is often 5-15 times more expensive than term
Whole life
What is the most common payout?
Lump some payout
What types of questions must you be able to answer?
Health/lifestyle questions.