https://padlet.com/04aperez/py9mqqeql9kyij8d AHAHAHA *sigh* Sadge en-us 2020-11-11 15:59:46 UTC 2024-08-05 10:15:26 UTC hello@padlet.com https://padlet.net/icons/png/1f425.png 04aperez https://padlet.com/04aperez/py9mqqeql9kyij8d/wish/913300247 Life insurance is what you get when signing a contract with a life insurance company. Paying (premiums) the company in return for coverage when a person dies.]]> 2020-11-11 16:01:53 UTC https://padlet.com/04aperez/py9mqqeql9kyij8d/wish/913300247 04aperez https://padlet.com/04aperez/py9mqqeql9kyij8d/wish/913303347 Universal - similar to whole insurance but if not paid on time, you could walk away with nothing (flexible amount to pay, still fixed)
Term - a certain number of year (1,5,10,15..)
Whole - until your death, premiums stay consistent   
Variable - is like whole insurance but includes to an investment account
Death benefit is guaranteed for all of them except term insurance.  ]]> 2020-11-11 16:02:41 UTC https://padlet.com/04aperez/py9mqqeql9kyij8d/wish/913303347 04aperez https://padlet.com/04aperez/py9mqqeql9kyij8d/wish/913315126 Beneficiaries is what given after a person's death. A person entrusted with your death certificate will take it to your life insurance company to receive the person's benefits. (usually 30 days to come and collect from the person's death)]]> 2020-11-11 16:05:32 UTC https://padlet.com/04aperez/py9mqqeql9kyij8d/wish/913315126 04aperez https://padlet.com/04aperez/py9mqqeql9kyij8d/wish/913316885 Premiums are which the money a person pays to their life insurance company for their policy. 
Factors:

• Medical history (current health)
• Life expectancy 
• Profession 
• Premium payment amount

]]> 2020-11-11 16:05:59 UTC https://padlet.com/04aperez/py9mqqeql9kyij8d/wish/913316885 04aperez https://padlet.com/04aperez/py9mqqeql9kyij8d/wish/913318031

^{https://www.nerdwallet.com/blog/insurance/types-of-life-insurance/} 

^{https://www.fidelity.com/life-insurance/life-insurance-planning/what-is-life-insurance}

^{https://finance.zacks.com/payment-made-beneficiaries-life-insurance-policy-7352.html#:~:text=Receiving%20payment%20from%20your%20life,choose%20from%20different%20payment%20options.}

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