Life insurance refers to a specified amount of capital—the death benefit—that is paid to beneficiaries upon the death of the policyholder. There are many different forms of life insurance including term life, whole life and universal life. Term life is arguably the most basic form of life insurance and is intended to provide financial protection through income replacement in the event of the premature death of the policyholder. There are also many different uses of life insurance such as income replacement, estate planning and tax planning.
Some of the insurance companies selling life insurance and annuities have been around for a long, long time. They have weathered many storms—including of the most recent financial turbulence.
Product Availability
Just because an insurance company offers a particular type of product does not mean that it is available in your state of residence.
Credit quality basically refers to overall financial health and the ability of a person or company to fulfill their financial obligations. In other words, can the person or company pay their bills.
Buying a house is undeniably a major financial decision. As a result, most people will spend some time researching and understanding the basics of the process before making a purchase: what is the role of agents; what are the transaction costs; how do mortgages brokers and title companies fit into the picture; what type of mortgage makes sense; etc.
Understand Your Source of Information
At the most basic level, financial services sales require a couple of things:
