Anil Mathew

Looking for Life Insurance? Choose from Term, Whole, Variable or Universal

Joint life: insurance is either a term or permanent policy insuring two or more lives with the proceeds payable on the first death or second death.
Survivorship life: is a whole life policy insuring two lives with the proceeds payable on the second (later) death.
Single premium whole life: is a policy with only one premium which is payable at the time the policy is issued.
Modified whole life: is a whole life policy that charges smaller premiums for a specified period of time after which the premiums increase for the remainder of the policy.
Group life insurance: is term insurance covering a group of people, usually employees of a company or members of a union or association. Individual proof of insurability is not normally a consideration in the underwriting. Rather, the underwriter considers the size and turnover of the group, and the financial strength of the group.Group life insurance often has a provision that a member exiting the group has the right to buy individual insurance coverage.