Jump to content

Life insurance

From Simple English Wikipedia, the free encyclopedia

Life insurance is money for your family to use to pay your bills and death expenses when you die. A person must be healthy to purchase a life insurance policy. The amount of life insurance needed depends on the person’s family’s needs when they die. Some things to consider when purchasing a life insurance policy are, marital status, the number of dependents, (wife, kids, etc.) family size, income, and wealth. Life insurance has different types of policies.

Types of life insurance

[change | change source]
  • Term life insurance
  • Whole life insurance[1]
  • Universal life insurance
  • Indexed universal life insurance
  • Variable life insurance
  • Variable universal life insurance
  • Final expense insurance
  • Group life insurance

References

[change | change source]
  1. "Whole Life Insurance - How Does It Work?". www.insuranks.com. Retrieved 2021-01-09.