Life Insurance in USA?
Jelaskan tentang Life Insurance in USA?
Life insurance is a deal between an insured and insurer, in which the insurer guarantees to pay a nominated benefit in term of money for exchange of premium, on the death of insured person or on the ending of time period of contract. Payment can also be done if some incidents happens to insured person such as critical illness or any other loss.
The history of insurance is not very old in USA because of some risks and reasons but later on it was supported by very famous Americans. As in USA, most of the population is self-employed. They work for hours to run their life’s circle. For the financial security of their families and children, many Americans sign a deal with insurance company.
In USA, there are different policies and articles of different American companies, but the base of insurance of life is same in all America. US insurance of life is based on two policies: one are protection policies and the other investment policies.
-These policies are specially made to provide benefits to the insured member. Typically he pays a lump sum in the shape of premium. The common form which is used in protection policy is known as term insurance. The terms which are set by both parties.
-In these policies, the amount or premium is paid in partition in order to grow rise capital. Common forms used in U.S are whole life, universal life and variable life policies.
U.S insurance of life companies serve there public with their great policies. That’s why Americans show faith and trust on insurance of life. You will be surprise to know that a great number of population having insurance of life. U.S insurance companies facilitates public with their great terms & policies. Usually, there is 30 years insurance of life agreement but now there brought a change in this policy.
Someone has not enough to pay, he can also takes a policy of 15 years. Moreover companies also offer clients that if an insured person is ill critically, he can withdraw the amount before the completion of contract. Another great point that makes the life insurance policy more effective is there is no need of medical exam term.
Some companies also offer insurance of life based on types of diabetes and other diseases. The great benefit of insurance of life is, it becomes double of described maturity amount on sudden death. If the insured person has been suffering from high damage in case of accident, financial crisis or siblings issue. It can withdraw the amount before its maturity.
Another very interesting thing about this insurance in U.S is, it also gives policy to those who are really deserving or are eligible for this policy.
Some companies also offer very reasonable policies which are in access of a common man and low salary person. You can also pay your premium annually, monthly quarterly etc. as the insured person comfortable to do so. U.S insurance companies also offer products in insurance of life policy.