Homeowner's policies are classified by the types of perils (any events that cause a financial loss) they cover. There are six main types of homeowner's insurance used today. This publication describes those different types ...

Universal-life insurance was created to address many of the problems associated with whole-life insurance. One problem with whole-life insurance is its lack of flexibility. A second problem with whole life is that it is ...

Whole-life insurance was created to address the problems with term insurance. The biggest problem with term life insurance is that it is purchased for a stated period of time. When the owner buys a whole-life policy, he ...

The term "variable" simply refers to "different investment options." Variable universal-life insurance allows the policy-owner to choose how the cash value is invested. Some variable policies have up to 50 different ...

Term insurance is good way to protect your beneficiary for a limited amount of time. If you are a disciplined saver, buying a term policy and investing the difference between the cost of the term policy and the cost of a ...

The major reason most people buy life insurance is to provide financial support for beneficiaries in case the insured person dies prematurely. However, there are additional reasons for purchasing insurance. At the end of ...

About 90 percent of people covered by a health insurance plan receive it as a benefit from their employer. However, if you are not covered by an employer-sponsored plan, you can buy a health policy on your own. This ...

A life insurance policy provides a cash payment when a person dies. If you have made the decision to buy a policy, you may wonder which type of policy to choose since there are several different types of policies.