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How do you close or bridge Life insurance protection gap?

Updated: 8/16/2019
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16y ago

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By buying adequate insurance protection.

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16y ago
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Q: How do you close or bridge Life insurance protection gap?
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What kinda of insurance protection is set for a period of time?

The Term life insurance is the kind of insurance protection that is set for a period of time.


What type of insurance is also known as ordinary or straight life insurance?

Term life insurance, or otherwise known as pure life insurance protection.


Where could a Canadian purchase life insurance?

Life insurance is an important protection to have. Canadians can purchase life insurance through a local independent broker, or online at LSM Insurance.


What are advantages of term life insurance?

Term life insurance is the simplest form of life insurance. It was developed to provide temporary life insurance protection on a limited budget to the maximum number of people.


What are the advantages of Term life insurance?

Term life insurance is the simplest form of life insurance. It was developed to provide temporary life insurance protection on a limited budget to the maximum number of people.


What is the purpose of mortgage protection life insurance?

The purpose of mortgage protection life insurance is to protect the home from being lost in the event the mortgagee passes away. The life insurance will pay off the balance of the existing mortgage to the finance company.


What happens to your life insurance when you are no longer employed?

If the life insurance was provided by your employer and your employment is terminated, you will lose the life insurance protection. You should look into individual life insurance, which you can take with you if your employment terminates.


What are the main benefits when getting life insurance mortgage protection?

There are many benefits from getting life insurance mortgage protection. When one dies, if he does not have his mortgage paid life insurance would pay it off so his next of kin could keep the house.


Does Globe Life offer life insurance and accident insurance policies?

Yes Globe Life does offer life insurance and accidental insurance. They also offer child insurance and mortgage protection plan insurance. There's even an option for medical supplement income.


What has the author Griffin M Lovelace written?

Griffin M. Lovelace has written: 'Life insurance fundamentals' -- subject(s): Insurance, Life, Life Insurance 'The house of protection' -- subject(s): Accessible book, Life Insurance


Is the purpose for life insurance to provide protection against financial loses?

Life insurance policy covers protection against loss of lives only and not against any financial losses incurred whatsoever.


What does life insurance mean?

Life Insurance means protection in the event of loss of life of the main bread winners of the family, so that the family is not washed away by the eventuality .