Types of Life Insurance: Types and Important Points to Consider When Buying a Life Insurance?

Types of Life Insurance

Life insurance is among the foundations of personal finance that every household needs to recognize. I would even go so far as to suggest most of this is important. But, given its almost universal applicability, there is still much uncertainty and even cynicism about life insurance. But this article would provide an easy-to-understand description of … Read More →

How Does Life Insurance Work? 5 Things Very Few People Know

How Does Life Insurance Work

How does life insurance work? Life insurance functions very simply: The policyholder charges an insurance company a fixed amount of money–the rate. The company provides a tax-free sum of money if the policyholder passes while the policy remains working–the death benefit.  The parties receiving the benefit of death, typically family members, are called beneficiaries. The … Read More →