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Whole life insurance |
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Whole life insuranceIn the US, a life insurance policy, with level premiums, which provides a stated benefit on the death of the life insured and a savings element which accumulates a cash value. The dividends or interest are allowed to build up tax-deferred. The insured is able to redeem the cash value or borrow against it in what is known as a policy loan. Any part of a loan which is unpaid at the death of the insured is deducted from the face value.Similar MatchesPrivate Mortgage Insurance (PMI)Private Mortgage Insurance (PMI)Policy protecting the holder against loss resulting from default on a mortgage loan. Multiple peril insuranceMultiple peril insuranceinsurance policy which covers a wide variety of property damage. Homeowners insurance policyHomeowners insurance policyAn insurance policy protecting a homeowner against damage or loss to property. Motor insuranceMotor insuranceThe insurance of motor vehicles covering damage or loss and liabilities for injuries to other people and damage to property.Drivers in the UK have to insure against third party claims. Under this type of insurance, if it is proven that the insured is the cause of an accident, the insurance company will only pay for injury or repairs for damage to the property of the third party.A variant of this is third party fire and theft insurance which is basically third party insurance plus additional cover if the insured's vehicle is damaged by fire or if stolen.For a higher premium, comprehensive insurance gives additional cover to the insured including damage to his/her vehicle, personal effects and overseas travel etc. Household insuranceHousehold insuranceInsurance covering the structure or contents of a house. This type of insurance now tends to include the option of cover for additional items such as legal expenses. Also some companies now offer no claims bonuses similar to those given by motor insurance companies. Further Suggestionsuninsured motorist insuranceprivate medical insurance cash value life insurance Insurance principle National Insurance Pension (State Pension) Accident, Sickness and Unemployment insurance umbrella personal liability insurance non participating life insurance policy Term life insurance Municipal bond insurance Buildings insurance insurance premium Reinsurance Mortgage Life Insurance bank insurance fund Insurance settlement Insurance claim Straight term insurance policy accidental death insurance contents insurance participating life insurance Insurance dividend Payment protection insurance municipal bond insurance Export credit insurance |
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