Now let's see both sides of the coin, in order to decide whether you need a
joint life term policy or two separate term insurance policies for yourself and your spouse.
Deposit Term: It is a 10 year renewable
life term policy in which people can make a deposit at the beginning of their insurance approval.
For example, the lowest face amount that Industrial Alliance will cover on their term policies is $ 10,000, while the minimum for a
Sun Life term policy is $ 250,000.
in
kotak life term policy it is sated that «waiver of premium for total & permanent disability» what does it means.
In addition, people up to age 95 can apply for a
Banner Life term policy, which is nearly unheard of in the insurance industry (most other insurers cap applicants at age 65 or 75).
In other word, convertible term is
a life term policy that featured conversion privilege.
The most distinguishing feature about Banner Life Insurance is that you can make a conversion from
a life term policy to a Life Choice UL - a permanent universal life policy.