Quantcast
Finance Insurance Personal Life Archives | Payitless.com

Finance Insurance Personal Life

Which kind of Life Insurance is good for you?

You have decided to take out a life insurance policy, now you just need to choose the right one for you. Here we outline the main types of coverage, depending on your goals and expectations.

What is a Life Insurance coverage and how it works

Life insurance is a contract between an insurer and an insured, which guarantees certain beneficiaries (designated by the policyholder) the payment of a sum of money by the insurer, in the event of the death of the insured, consisting of the latter with the payment of premiums (single or recurring) in life.

Life Insurance coverage: who should buy it?

Conceived with the intent of supporting families to cover burial costs and the care of widows and orphans, life insurance is now a flexible and powerful financial product, capable of supporting surviving family members or other beneficiaries after the death of an insured.