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What Is Term Life Insurance?

By |December 1st, 2021|Categories: Florida Insurance, Individual Insurance, Uncategorized|Tags: , , , , |

Term life insurance is an insurance product that offers coverage on a specified term, usually for a limited period, the specified term. The coverage typically extends for an agreed period of years, as well as the lifetime of the account holder. The insured pays a premium to the insurance company at the beginning of the coverage and is then paid a monthly premium to maintain the policy. During the specified term, the premium amount is adjusted for inflationary factors and life changes. If a policyholder should die before the end of the coverage, at no cost to the policyholder, then ...

How Much Life Insurance Do I Need?

By |November 10th, 2021|Categories: Affordable Care Act, Florida Insurance, Individual Insurance|Tags: , , , , |

If you are asking yourself, "How much life insurance do I need?" you may have decided to purchase a policy. You may be very satisfied with the amount of coverage provided and the peace of mind that your family members would receive should you die unexpectedly. However, a realistic appraisal of your individual needs can help you determine how much permanent life insurance coverage you need. Your occupation or the activities you perform daily are important considerations when determining your level of coverage. If you work in a risky profession, such as an auto repair shop or painting business, you ...

How Does Life Insurance Work?

By |November 3rd, 2021|Categories: Affordable Care Act, Florida Insurance, Individual Insurance, Uncategorized|Tags: , , , , |

How does life insurance work? It's quite simple. Life insurance works by paying a predetermined amount of money to a beneficiary or beneficiaries upon the death of the insured. In return, these beneficiaries will pay regular monthly premiums (called premium payments) to the insurer. When you purchase life insurance, you pay for a policy with a fixed or set amount of cash value. The death benefit is equal to the sum of all premiums paid plus any amounts determined by the terms of the policy. With some policies, you may also include interest, which is also part of the cash ...