A double indemnity provision is a life insurance policy rider available for an additional premium under which the beneficiaries are paid double the face ... |
Cash value life insurance, but not term insurance, provides that if a premium is not paid within the specified time limit, the coverage may not be terminated. Instead, the insurance generally ... |
A guaranteed insurability rider gives the life insurance policyholder the right to purchase specified amounts of additional insurance at specified times. It ... |
The person who owns the life insurance policy (the policyholder) is named in the ownership clause. The policyholder is usually the same person who is insured under the policy, but this does not have ... |
Participating policies are issued by mutual life insurance companies, that is, insurance companies that are owned by their policyholders, rather than by stockholders. Unlike nonparticipating ... |
A policy rider is a provision that is added to the basic coverage of an insurance policy, by agreement of the policyholder and the insurance company, often for additional cost. The |
At the death of the insured, unless another arrangement has been made, the insurance proceeds will be paid to the beneficiary in a lump sum. However, life insurance policies usually give the ... |
In other parts of this discussion, we have dealt with questions about how life insurance may fit into your personal financial situation. Here we will discuss ... |
If your business is making money, you should ask yourself whether your spouse, family or dependents will be economically damaged if you are not there to run the business. Unless one or more of these ... |
If you plan that your surviving spouse, family or others will continue to operate your business after your death, you must believe (or desire) that they will be able to do so profitably. The question ... |
