You may be thinking of buying a policy where cash values, death benefits, dividends or premiums may vary based on events or situations the company does not guarantee (such as interest rates). If so, you may get an illustration from the agent or company that helps explain how the policy works. The illustration may show [...]
Prepared by the National Association of Insurance Commissioners. This guide can help you when you shop for life insurance. It discusses how to:
· Find a Policy That Meets Your Needs and Fits Your Budget
· Decide How Much Insurance You Need
· Make Informed Decisions When You Buy a Policy
The National Association [...]
Agent - A licensed person or organization authorized to sell insurance by or on behalf of an insurance company.
Binder - A temporary or preliminary agreement which [...]