Life Insurance Facts: Video Series

The two main types of life insurance include temporary, or term plans, which provide coverage for a set amount of time, and permanent life insurance, which build up a cash value over the years. Contact a life insurance agent to discuss the best plan that will cover different types of risk with advice from an insurance broker in this free video on life insurance.

Life insurance brokers make commissions based on the policies that are sold, either on a monthly basis for the time that the policy is in existence or as an advance. Identify the risk that insurance brokers make when they receive advanced payments with information from an insurance broker in this free video on life insurance.

Life insurance policies work by identifying the risk of the insured to determine the premium amount that is paid by the person each month to keep the policy. Discover how life insurance death benefits are paid to the beneficiary when the insured dies with information from an insurance broker in this free video on life insurance.

Life insurance works by determining the health, lifestyle and risk of the insured in order to determine the price of a premium to pay for the insurance policy. Find out how the benefit for a life insurance policy is determined with advice from an insurance broker in this free video on life insurance.

Variable universal life insurance policies have a very low minimum death benefit that rises and falls depending on the investments of the insurance company. Contact a financial adviser or insurance agent about risky variable universal life insurance using insight from an insurance broker in this free video on life insurance.

To cash in a life insurance policy through work or an employer, contact the human resources department, who will then contact the insurance company in order to deal directly with you to fill out paperwork. Consider the cash value of a life insurance policy before cashing it out with advice from an insurance broker in this free video on life insurance.

File a life insurance claim by contacting the insurance company and providing the death certificate of the insured, so that the insurance company can investigate the death and make sure it is valid. Receive the death benefit from a life insurance policy in a lump sum or in payments with advice from an insurance broker in this free video on life insurance.

Credit life insurance on a mortgage is set up so that in the event of the insureds death, the mortgage company is the beneficiary of the death benefit. Set up a credit life insurance policy that will pay off the mortgage on a house and provide money to loved ones with help from an insurance broker in this free video on life insurance.

In a whole life insurance policy, dividends should be re-invested back into the policy to create a larger cash value, but they can be cashed out if necessary. Contact the insurance company to discuss the role of dividends in a whole life insurance policy with advice from an insurance broker in this free video on life insurance.

Finding a life insurance policy that is best for your needs will depend on where you are in life, what the purpose of the policy is and how much money can be used on a policy. Consider an inexpensive term life insurance policy or a permanent policy that builds cash with insight from an insurance broker in this free video on life insurance.

You need life insurance in order to protect the people in life that are left behind from having to deal with your financial burdens. Whether you are single or married, contact a life insurance broker to discuss the important of life insurance with tips from an insurance broker in this free video on life insurance.

Temporary life insurance, also called term insurance, is a policy that stays in effect for a set term of time in order to provide death benefits as long as the policy is in effect. Purchase a term life insurance policy if money is tight, due to the inexpensive nature of term insurance, with advice from an insurance broker in this free video on life insurance.

Permanent life insurance is a policy that runs until the death of the insured and builds cash value depending on the investments made with the insurance premiums. Consider purchasing a permanent life insurance policy to build wealth and protect loved ones with help from an insurance broker in this free video on life insurance.

Occupation will affect life insurance policy premiums because the more risk in a person's job, the more expensive a policy will be. Prepare to pay a high premium if you are working a dangerous job with insight from an insurance broker in this free video on life insurance.

For life insurance policies, the lower the age of the insured person, the lower cost of the premiums for that policy. Find out how insurance premiums rise with age with information from an insurance broker in this free video on life insurance.

To use life insurance as an investment, obtain an insurance policy that builds cash value, such as a universal policy, a whole life policy or a variable universal life policy. Use the cash that is made from premium investments of an insurance policy with tips from an insurance broker in this free video on life insurance.

The main difference among life insurance companies is their financial strength, which can affect premiums, benefits and investments. Find a life insurance company with solid finances to ensure that it will be around when it is needed using advice from an insurance broker in this free video on life insurance.

Life insurance companies determine premium costs based on the insured person's gender, age, zip code and occupation. Prepare for an insurance company to look at medical records and credit history to figure out the premium for a policy with information from an insurance broker in this free video on life insurance.

To determine whether a term life insurance policy is good or bad, look at whether the policy can be converted to a cash building policy and whether you will have to undergo underwriting again. Discuss the pros and cons of term life insurance policies with a financial consultant using insight from an insurance broker in this free video on life insurance.

Life insurance companies charge different premiums for the same policies based mainly on their financial strength and ability to take risks on the insured. Find a life insurance company with a healthy background and deep pockets using advice from an insurance broker in this free video on life insurance.