There are many types of life insurance policies. These policies may be whole life, term life, or universal. In this article, we’ll examine some of the differences between them and what they mean to you. Once you know what these policies cover, you can shop for the right one. Here are the most common types. Each approach has its benefits and drawbacks. You can learn more through a life insurance resource center.
Guaranteed Issue of Life Insurance
Whether you need life insurance for debt consolidation or charitable giving, guaranteed issue life insurance is a great solution. The death benefit of a guaranteed issue policy helps the surviving family members pay funeral expenses. This can include the purchase of a plot, cremation or caskets, and other final preparations. By paying the death benefit, your beneficiaries can avoid financial strain if you die unexpectedly. In addition, a guaranteed issue policy never changes …