Temporary Life Insurance 101: What You Need to Know?

Life Insurance underwriting is when your insurer analyzes if you are eligible for a life insurance policy. During this process, your insurer will evaluate your application to determine your risk class and life insurance premiums.  During this underwriting period, your insurance provider may offer you a short-term life insurance plan, known as temporary life insurance. However, every insurance seeker may not be eligible for temporary life insurance. This article discusses in detail Read More

What You Need to Understand About Temporary Life Insurance

Temporary life insurance is short-term insurance. It applies to both term life and whole life insurance policies. It protects the policy's beneficiary for the time frame during which the underwriting process is in progress. In the event of the policyholder's death, the insurance company will pay out the death benefit to the beneficiaries attached to the policy. The amount paid as a death benefit is equivalent to the insurance coverage. Here’s a detailed analysis of temporary insurance Read More