• Lump Sum
This is when the life insurance payment is
paid out in one payment and not in smaller payments
over time |
• Beneficiary
A specified individual who is to receive
benefits from the policy who is not the
policy holder
|
• Keogh
Act (HR-10)
A provision which may allow for life insurance
payments to be paid in pre-tax dollars depending
on the specific individual |
• Lifetime Policy
A policy which is guaranteed to be renewable
upon individual request for a specified amount
of time |
• Loan Value
The amount an individual may borrow against
their policy |
|
|
• Remember -
No insurance policy is a very bad policy to have. It
is much better to be safe than sorry.
|
• It
is very important to join a company that you
will be able to contact 24/7 |
• Purchase
an insurance plan that can cover your specific
needs when the unexpected happens |
• Check
the renewal options on your policy as they may
vary by company and type of insurance |
• Make
sure to write down the phone number of the company
you select and keep it in a safe place |
• Keep
in Mind-
A few dollars spent today can save you a much
greater amount of money in the future |
|
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More Information?
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