Ad
related to: life insurance quiz with answers pdf free sample
Search results
Results from the WOW.Com Content Network
There are two versions of the LLQP: the "full LLQP" and the LLQP Accident & Sickness (A&S). The full version combines life insurance and accident and sickness insurance training. The A&S version covers accident and sickness insurance only. The LLQP does not provide a designation. It is simply the first hurdle toward earning a licence to practice.
Life insurance (or life assurance, especially in the Commonwealth of Nations) is a contract between an insurance policy holder and an insurer or assurer, where the insurer promises to pay a designated beneficiary a sum of money upon the death of an insured person.
Variable universal life insurance (often shortened to VUL) is a type of life insurance that builds a cash value. In a VUL, the cash value can be invested in a wide variety of separate accounts , similar to mutual funds , and the choice of which of the available separate accounts to use is entirely up to the contract owner.
In essence you can buy a hedge fund inside an insurance policy and the value will grow tax-free and upon death the cash value of the policy passes to heirs tax-free. See also Private Placement Variable Annuities. By comparison, private placement life insurance is offered without a formal securities registration. The advantage with this approach ...
The principle of insurable interest on life insurance is that a person or organization can obtain an insurance policy on the life of another person if the person or organization obtaining the insurance values the life of the insured more than the amount of the policy. In this way, insurance can compensate for loss.
Get AOL Mail for FREE! Manage your email like never before with travel, photo & document views. Personalize your inbox with themes & tabs. You've Got Mail!
Sign in to your AOL account to access your email and manage your account information.
Term life insurance or term assurance is life insurance that provides coverage at a fixed rate of payments for a limited period of time, the relevant term. After that period expires, coverage at the previous rate of premiums is no longer guaranteed and the client must either forgo coverage or potentially obtain further coverage with different payments or conditions.
Ad
related to: life insurance quiz with answers pdf free sample