Identify any long term insurance product you would consider buying in the future. Justify the reason for your choice.

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14-08-2018
Business

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Identify any long term insurance product you would consider buying in the future. Justify the reason for your choice.

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MrsTriplet MrsTriplet · Answer 1 · 2018-08-23T20:06:10+02:00

Life insurance is a long term insurance product that I would consider buying in the future. Life insurance is paid by an individual in a family for themself or someone else that can be cashed in when that individual dies. Those with life insurance pay monthly or annual premiums towards their life insurance policy in the event they pass and need to have funds available for their family. There are stipulations to when money can be withdrawn from the life insurance policy and how, but most of that is subject to the type of policy. I would pick life insurance because as a mom of three kids I would want to make sure I have funds in place in the event something were to happen to me.

smarazazaidi smarazazaidi · Answer 2 · 2019-09-02T02:56:35+02:00

Life insuranceis paid by a person in a family for themself or another person that can be traded out when that individual kicks the bucket. Those with disaster protection pay month to month or yearly premiums towards their extra security arrangement in the occasion they pass and need finances accessible for their family.

Further Explanation:

Long term insurance product:

Long haul protection alludes to a scope of protection items that give you either a pay in the long haul more often than not when you resign or a single amount of cash should you become for all time impaired or pass away.

Long term insurance product work:

LTC arrangements more often than not have a most extreme sum they pay out every day and an all out they will pay out over your lifetime, so you'll need to choose the measure of inclusion you'll require before you apply. In case you're affirmed for inclusion, the safety net provider issues you the arrangement and you start paying premiums.

The best age to buy long term care insurance:

The long haul care protection industry proposes that you'll save money on the off chance that you purchase your strategy at age 50 as opposed to holding up until age 60 as Dave suggests. It might be less expensive to purchase LTC at age 50.

Subject: Business

Level: High School

Keywords: Long term insurance product, Long term insurance product work, The best age to buy long term care insurance.

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