Traditionally there are two types of insurance – life plan and endowment plan. Whole life insurance plan premiums paid for life of the insured and the outcome of the plan paid out to beneficiaries upon the death of the insured. In the immortal life insurance plan, premiums paid for a certain period, after which profits will be paid back and an additional period without payment of the insured life.
Whole affordable life insurance has advantages and disadvantages. For death and other charges against the cash value of the policy. This policy allows access to liquidity at all times. Last but not least, there is a fixed annual premium that allows policyholders to have the resources ready to pay a premium. Has a fixed annual premium leads to rigidity in the policy. The term can not be changed and the market index does not affect the rates policy.
The interest rate for life insurance policy is higher than any other life insurance, especially long life. In fact, in some cases, the internal rate policy so highly recommended seem less economical than other savings plans. Whole life insurance rates is not very transparent. In some cases the situation is so complex that it is difficult to understand how and how much insurance is for investment.
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