Life Insurance

Insurance of money value cash

Advantages

• Perpetual protection as long as the premiums are paid.
• The costs of best quality can be fixed or flexible to meet the various financial needs.
• A policy cash accumulates a money value, against which can be borrowed, returned for the money cash, or be converted into annual instalment. The money value cash can also be employed to pay premiums or to buy more insurance.

Disadvantages

• The insurance of money value cash is conceived to be kept for the long run.
• The cancellation of a policy of money value cash after only a few years can be expensive. For in the short run, the temporary insurance can prove a better value.

Temporary insurance

Advantages

• A policy can cover financial liabilities which will disappear with time, such as a mortgage or expenditure of university.
• When you are young, the premiums are generally lower than those for the insurance of money value cash.

Disadvantages

• Ensure protection for one specific period, not for the life.
• The increase in premiums while you age and your health condition changes.
• The policies cash do not accumulate usually a value of money.

The agent should be able and wanting to explain the various kinds of policies and other insurance-related subjects.