Life Insurance Rates
Life insurance is a contract between the policy owner and the insurer, where the insurer agrees to pay a sum of money upon the occurrence of the insured individual's or individuals' death or other event, such as terminal illness or critical illness. In return, the policy owner agrees to pay a stipulated amount called a premium at regular intervals or in lump sums. There may be designs in some countries where bills and death expenses plus catering for after funeral expenses should be included in Policy Premium. In the United States, the predominant form simply specifies a lump sum to be paid on the insured's demise.
Life Annuity
A life annuity is a financial contract in the form of an insurance product according to which a seller (issuer)—typically a financial institution such as a life insurance company makes a series of payments in the future to the buyer (annuitant) in exchange for the immediate payment of a lump sum (single-payment annuity) or a series of regular payments (regular-payment annuity), prior to the onset of the annuity. The payment stream from the issuer to the annuitant has an unknown duration based principally upon the date of death of the annuitant. At this point the contract will terminate unless there are other annuitants or beneficiaries in the contract, and the remainder of the fund accumulated is forfeited. Thus a life annuity is a form of longevity insurance, where the uncertainty of an individual's lifespan is transferred from the individual to the insurer, which reduces its own uncertainty by pooling many clients. Annuities can be purchased to provide an income during retirement, or originate from a structured settlement of a personal injury lawsuit.
Max Value Insurance Group Represents...
- 0218-LIFE & HEALTH
- BERKSHIRE LIFE INSURANCE COMPANY OF AMERICA
- GOLDEN RULE INSURANCE COMPANY
- GUARDIAN LIFE INSURANCE COMPANY OF AMERICA
- HUMANA HEALTH INSURANCE COMPANY OF FLORIDA, INC.
- HUMANADENTAL INSURANCE COMPANY
- UNITED HEALTHCARE INSURANCE COMPANY
- UNITED OF OMAHA LIFE INSURANCE COMPANY
- 0216-LIFE
- AMERICAN FAMILY LIFE ASSURANCE COMPANY OF COLUMBUS
- GUARDIAN INSURANCE & ANNUITY COMPANY, INC.
- 0215-LIFE INCL VAR ANNUITY & HEALTH
- AETNA LIFE INSURANCE COMPANY
- 0214-LIFE INCL VARIABLE ANNUITY
- ALLIANZ LIFE INSURANCE COMPANY OF NORTH AMERICA
- AMERICAN GENERAL LIFE INSURANCE COMPANY
- ASSURITY LIFE INSURANCE COMPANY
- WEST COAST LIFE INSURANCE COMPANY