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LLQP (Life Licence Qualification Program) is part of the Canadian licensing regime for life insurance sales people. Before an advisor in the financial services sector is allowed to begin selling life insurance products, they must complete and pass LLQP, and earn a certificate of completion.
Permanent life insurance is life insurance that covers the remaining lifetime of the insured. A permanent insurance policy accumulates a cash value up to its date of maturation. The owner can access the money in the cash value by withdrawing money, borrowing the cash value, or surrendering the policy and receiving the surrender value.
A life settlement or viatical settlement (from Latin viaticum, something received before death) [1] is the sale of an existing life insurance policy (typically of seniors) for more than its cash surrender value, but less than its net death benefit, [2] to a third party investor. [3]
Can I convert term life insurance to whole life insurance? Yes, in many cases, you can convert your term life insurance into permanent coverage, such as whole life insurance. This option, often ...
Heslin emphasizes that this streamlined process is a win-win for both consumers and insurers, cutting down on time and hassle while making life insurance more accessible and appealing.
Bankrate’s insurance editorial team has conducted research to help you understand the process of taking out a life insurance policy on someone else.
Independent insurance agents, also known as insurance sales agents or "producers", typically sell a variety of insurance and financial products, including property insurance and casualty insurance, life insurance, health insurance, disability insurance, and long-term care insurance.
Certain health insurance policies: Some life insurance policies have living benefits that allow you to use a portion of your death benefit if you are facing a chronic, critical or terminal illness ...