Components of Life Insurance
What's goes into a single life insurance policy or a life insurance shopping experience? All the parts are here:
Quotes
- Click here to learn how a quote differs from an offer and why life insurance quotes are a vital step in obtaining the best life insurance rates.
Premiums (rates)
- Click here to learn what factors determine your life insurance rate.
- Click here for descriptions of different premium payment plans (level, modified, graded, etc).
- Click here to see what your life insurance premium pays for.
Health class (rate class)
- Click here to learn how your health class is determined and how it relates to quotes and life insurance rates.
Cash value
- Click here to learn about cash value.
- Click here to learn about cash value in whole life insurance.
- Click here to learn about cash value in universal life insurance.
- Click here to learn about cash value in variable life insurance.
Death benefits
- Click here for descriptions of the different types of death benefit (level, increasing, variable, etc.).
- Click here to learn the different ways you can receive a death benefit (lump sum, fixed period, fixed amount, etc.).
- Click here for instructions on calculating a death benefit for your needs.
Riders
- Click here for descriptions of common life insurance riders.
Taxes
- Click here to learn the tax advantages of life insurance.
- Click here to learn how to preserve your policy's tax-advantaged status.
