|
|
Variable life insurance |
|
|
|
 Home Site Map Add Term Search About Us Contributors |
Variable life insuranceA form of cash value life insurance in which the cash value of the policy may be invested in shares and bonds etc. according to the insured's choice.Similar MatchesReplacement cost insuranceReplacement cost insuranceInsurance that pays out the full amount required to ../../finance-glossary/ damaged property with new property, without taking into account the depreciated value of the property. Long term care insuranceLong term care insuranceThe planning, by way of suitable insurance, for covering partially or in full, the cost of long term care in old age. The place of care may be the insured's own residence or a nursing home. In order to claim benefit, the insured must be disabled to the extent that he/she is unable to perform say three daily activities such as washing, dressing and eating/drinking. Blanket insurance policyBlanket insurance policyA policy that covers more than one person or piece of property. ReinsuranceReinsuranceThe spreading of risk and division of client premiums among insurance companies allowing the sharing of the burden of a large risk. Mortgage payment protection insurance (MPPI)Mortgage payment protection insurance (MPPI)An MPPI policy pays your mortgage for you if you become unable to work for an extended period of time, as a result of redundancy, accident, sickness or disability. It should provide enough income to cover all your monthly mortgage expenses. If you have a repayment mortgage, this should be your capital and interest repayment and if you have an interest-only mortgage, the MPPI should cover your interest payment as well as your normal monthly contribution to the investment vehicle that will repay your loan. Further SuggestionsInsurance settlementsocial security disability income insurance group insurance Multiple peril insurance Insurance policy umbrella personal liability insurance Term life insurance health insurance Foreign Credit Insurance Association (FCIA) Disability income insurance Single premium life insurance Insurance municipal bond insurance third party insurance Savings Association Insurance Fund (SAIF) Insurance agent uninsured motorist insurance level term insurance Level term insurance legal expenses insurance Coinsurance wedding insurance accidental death insurance household insurance Disability insurance |
|
|
|