A term life insurance can also be known as a term assurance policy. Further, the insurance policy company invests some section of the premiums and s a savings account or cash value that gradually accrues, and it is tax deferred. Life insurance companies have marketing divisions which try to sell you a policy, but this doesn't actually life insurance over 50 do much to suit your needs in regards to education. Life insurance companies have marketing divisions which make an effort to sell that you simply policy, but this really doesn't do much to suit your needs in regards to education. The excess premium is invested by the insurance company, and helps to carry down future costs of insurance.
Because of the nature of the contract, premiums are flexible. But even if you are not young, you still want this type of policy since it gains cash value within the form of an annual dividend. Life insurance offers you several ways to accomplish the identical basic task.
Stocks Paying Dividends:.