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Types Of Insurances

03.20.2012 · Posted in Insurance Articles

There are many types of insurances provided by a company but first the basic theory of thelife insurance policy needs to be understood. Many insurance companies make different variants of the contracts with the clients in a combination with these keys like some of them vary in the term of the contract only, some may have different death benefits based upon the amount of the premium to be paid to the company. This makes the dealing of the company much simpler and profitable and also the client is at the benefit for any kind of insecurity. Level term insurance makes the contract of paying the premium for more than year and the annual renewable term deals with just a year. There are basically two types of the life insurance; permanent insurance and temporary insurance. The permanent insurance remains operational throughout the life of the client unless he fails to pay the premium and this contract cannot be terminated by the client in any case unless a fake application appears. The cash value is accumulated which reduces the risk for the insurance company itself.rnrnOn the other hand the temporarylife insurance is actually a pure one. A pure insurance is the one in which the beneficiary is to be paid a specified amount as per the contract only in the case of demise of the client. This is known as

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