Mortgage life insurance is
a specific kind of life insurance that repays your mortgage in the event of your death, disability, or job loss.
It's just a very
specific kind of life insurance where the proceeds of the policy are meant to pay for end of life expenses.
Not exact matches
Burial
insurance is a very
specific kind of whole
life insurance policy where the proceeds
of the policy are meant to pay for end
of life expenses.
As you begin to consider what
kind of life insurance plan you may want to purchase, consider meeting with a local member agent in the Trusted Choice network who can help you review the cost
of term
life insurance based on your
specific goals.
Everyone has different needs for
life insurance, and term can only solve
specific needs when compared to other
kinds of life insurance.
This
kind of whole
life insurance guarantees a fixed and
specific minimum cash value for an investment.
Term
life, also known as pure protection since it has no cash value, savings or investment feature, is the cheapest
kind of life insurance, offering temporary coverage for a
specific period
of time.
Each
kind of life insurance plan has different advantages as well as disadvantages that you should consider depending on your
specific needs so that you find the perfect plan to satisfy your needs.
You may already be very familiar with how term
life insurance works — rather than guaranteeing to insure you for as long as you
live, this
kind of life insurance is for
specific time periods (typically between 10 and 30 years).
Any
kind of life insurance policy will work for a collateral assignment, assuming the
insurance company permits an assignment for that
specific type
of life insurance policy.