Life Insurance Rates: What factors influence your life insurance premium? This article provides an introduction.
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Critical Illness Insurance The non-disclosure problem: Critical Illness insurance has been getting a bad press. This article explains the reasons and the truth behind the situation.
Mortgage Protection. Easing your biggest concerns.: Most homeowners have life insurance to repay their mortgage if they were to die. But death is only one of many risks. What other risks threaten your mortgage and how can they be offset? This article investigates and offers some solutions.
Critical Illness Insurance. Critical or Ridicule?: An introduction to one very valuable form of life insurance called critical illness insurance.

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Types of Life Insurance - USA. Page 2

2. Permanent Life Insurance. This type of policy provides coverage till the policy matures. A policy is said to mature when the person reaches a fixed age or dies. The policyholder needs to pay premium for the entire period. This type of policy accumulates a cash value. The policyholder can withdraw or borrow the money or surrender the policy to receive surrender value. There are 3 types of permanent life insurances.

2.1 Whole life insurance. This has a level premium and corresponding cash value. Upon death of the insured, the beneficiary receives the death benefit only and not the cash value. The policy owner can borrow loans on the cash value.

2.2 Universal life insurance. This has a flexible premium and gives higher internal rate of return. The policy has a cash account depending upon the premium. The surrender value (personal loans) equals the cash account balance.

2.3 Variable Universal life insurance. This is similar to universal life insurance with cash account. However the money is invested by the insurance company in mutual funds for a greater return. Hence there is higher probability of increase of cash account but the risk (life insurance quotes) of reduction in cash account is also present.