This policy provides them with cash payment at the
This policy provides them with cash payment at the time of their death; provided it takes place within the term purchased. Whereas in case of whole life insurance policy the person buying the policy is covered for his entire life, as it pays benefit to him till his death takes place. In this policy, the policy holder is able to draw upon the cash value before death which grows over time. If you need further explanation on any aspect of your policy, you can have an agent who will help you out in explaining all the details.
Tags: insurance, life insurance policy, whole life insurance
October 10, 2008 | Filed Under General