Tuesday, October 30, 2012

Term Life Insurance

Term life Insurance is one of the types of life insurance that provides protection only in a certain period of time. This type of insurance has the cheapest premium among insurers. Money that will be paid is very huge, with billions of premium which is not too drained the contents of the bag. Types of term life insurance have no cash value. If at the time of expiration of the insurance contract the insured still healthy in fine, the contract expires and no money is given to the insured.

A lot of people don't like this product because no money is refunded when the contract period ends and the customer. Strangely, there are people who do not give thanks because it has been blessed with good health and a long life. In fact this type of term life insurance can be analogized to hire a security officer for a night to keep up the House with rich possessions. If theft does occur on that night, whether we can pull back the salaries of the security officer the following morning? Aren't we should be grateful because our homes are safe?

Due to the large coverage, buying this type of insurance premiums will not easy. Most insurance companies selling this type of insurance requires that its customers underwent the medical examination first before buying the policy. If it is not passed inspection, the customer is not allowed to buy this type of insurance. Or maybe just sum assured was revealed to be smaller.

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