Life Insurance123 is pleased to announce that their website offers information on the different types of life insurance policies available. This is important information for consumers to have because different kinds of policies pay out differently on the death of the insured.
Term cover pays the face value of the policy if the insured dies during the term the policy is in effect. This is normally a period of five or ten years during which the family pays premiums to keep the policy in effect. The term is specified in the contract for coverage.
Whole life coverage is very different. This type of policy only pays limited benefits during the first few years to policy is in force. However, this type of policy builds cash value over time that can be borrowed against or cashed out while the insured is still alive.
For more information about life insurance in South Africa and/or to obtain quotes on Life Insurance Policies, interested parties are encouraged to visit the website.
Contact:
Susan Smith
Public Relations
Justin Harrison Marketing
PO Box 311
Mendham, NJ, USA 07945
Phone: + 00 1 973 531 4982
Fax: + 00 1 973 543 5683
