Insurance (4/4): Life Policies

Insurance (4/4): Life Policies

Life Insurance policies will pay out on the death of an individual which may or may not happen during a particular time period. The sum paid out may be fixed or may reduce over the time of the policy. Life Assurance provides ‘whole of life’ cover and will pay out to the beneficiary on the death of an individual. Ted outlines the different types of life insurance policies, for example, universal life coverage and endowment life policies.

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