Contractual Protection

A life insurance policy contract has numerous contractual safeguards for your benefit:

These provisions are required by the Uniform Life Insurance Act.

Tip: read your policy contract carefully

Additional Guarantees

Besides the mandated provisions, insurers can add additional guarantees

Guaranteed Rates

Most policies guarantee the rates for the cost of insurance. So the insurer cannot increase your premium rates if, for example, you were a nonsmoker and became a smoker.

Note: some policies have rates that increase with age (e.g., every 10 years with term 10, yearly with Yearly Renewable Term)

PS Network

Market Better
twitter.png Twitter
blogger.png Blog
marketingreflections.png Newsletter
Spark Insight
website.png Website
Grasp Risk
twitter.png Twitter
blogger.png Blog
website.png Podcast
website.png Website
Tame Risk
website.png Taxevity
Unless otherwise stated, the content of this page is licensed under Creative Commons Attribution-NonCommercial-ShareAlike 3.0 License