Some important insurance terms you should know
Some important insurance terms you should know. Life Insurance is highly important in terms of having your financial future secured. It is important that you opt for a policy or a plan that meets your needs. When you visit a life insurance advisor, it is quite likely that he will introduce you to certain terms that may be unfamiliar to you. It is very important you acquaint yourself with some important life insurance terms so that no unscrupulous broker can take you for the ride. It will also allow you to choose the most appropriate life insurance protection to fulfill your needs. Following are some important basic terms that will help you in understanding Life Insurance better: 1) Beneficiary: People who have been named in the policy to be eligible for getting the earnings of your policy, after your death. 2) Cash or Surrender Value: The cash amount against which you can get a loan and which is available for withdrawal in case of urgency. If you choose to use th...