Understanding The Types Of Life Insurance
Types Of Life Insurance
Understanding The Types Of Life Insurance, Affordable Life Insurance
Types Of Life Insurance, Online insurance in Dubai
Emirateslifeinsurance is a leading life insurance website in Dubai, which explains all types of life insurance.
Term Insurance: It is a form of life insurance that covers one’s life for a limited period of time, called policy term. Term insurance is ideal for those people who do not wish to mix their investment objective with a risk objective. In case the person insured survives the entire term of the policy, no money is payable to the family of the insured.
Whole Life policy: In this category of policy, the owner has to give the premium for entire life until his or her death occurs. Policy holder may also opt for vanishing premium term where all the premiums are paid withing a term chosen and the cover continues life time. Whole life policy also provides benefit in terms of Accident Benefit Rider option this benefit will be available for an amount not exceeding the Sum Assured. Mostly this benefit is applicable for Regular polices and not for Single policies.
Permanent Life Insurance: Permanent life insurance provides life long protection. As long as you pay the premiums, the death benefit will be paid. Policies are designed and priced for you to keep over a long period of time.