Finding The Best Universal Life Insurance Policy One thing many people overlook when comparing quotes on insurance coverage may be the terms and exclusions attached to each policy. These can have a significant impact if someone else ever must make a claim from the policy. Before you sign up for the policy, make sure you grasp many of these. One from the most common ones you will note s what skillfully developed call an ownership clause. The person who owns the insurance policy has the right to determine the beneficiaries of the insurance policy. No one else may make that determination or change. Legal & General and Sun Life Direct 50 plus term life insurance both offer special gifts for your policy prior to the end of 2010. Legal & General are providing 50 in M & S vouchers, Sun Life Direct are offering to you a totally free 16" plasma television, or 50 M & S vouchers or even a mixed case of wine. Premiums with Legal & General begin with 5.00 monthly and Sun Life Direct policies starts from 6 a month. Both these insurance companies offer their life insurance coverage more than 50s with no medical or health questions. 1. Life Insurance really helps to protect your household from disaster and financial predicament realizing that theyll lose the financial support after you died. This cash value insurance offers all your family members an eternity protection because other than death benefit, they may be entitled for the cash value component that the future of your beneficiary is going to be well looked after for any long time. It wasnt until the late 1980s when accelerated benefits were installed to help patients that have contracted the AIDS virus. These benefits allowed the policyholder to collect a portion of their insurance coverage benefits before they died. This helped the policyholder in aid for your payments of hospital and medical bills. Only terminally ill were offered this benefit, but since its inception, the protection has included other illnesses which can be categorized as chronic, critical or catastrophic as well. A suicide clause states that policy benefits will not be granted to policyholders beneficiaries if he ends his very own life inside a specific term following (visit site) the inception of the policy. In circumstances a policyholder dies within that period covered by the suicide clause, the insurer usually investigate the claim strictly to assure that the demise with the policy holder had not been a clear case of suicide.