Lambert Brothers Insurance Broker (Thailand) Co., Ltd
บริษัท แลมเบิร์ท บราเธอร์ อินชัวรันส์ โบรคเกอร์ (ประเทศไทย) จำกัด
Life insurance is all about providing financial peace of mind for your loved ones by giving them a payout to help cover things like funeral expenses and debts when you’re no longer around.
It’s important to have a clear understanding of premiums and death benefits so you can choose a life insurance policy that fits your financial plans and keeps your family secure.
What is life insurance?
Life insurance is a contract between an insurance company and policyholder. In exchange for a premium, the life insurance company agrees to pay a sum of money to one or more named beneficiaries upon the death of the policyholder. The purpose of life insurance is to help provide financial security to your loved ones upon your death.
What types of life insurance are there?
Life insurance policies fall into 2 categories: term and permanent.
A term life insurance policy gives you coverage for a set number of years. You can select the term period you want, such as 10, 20, or 30 years.
If you die during the coverage period and have a covered claim, your policy will pay benefits to your named beneficiaries. If you live past the selected period of time, the policy will simply expire.
Unlike term life insurance that expires after a set number of years, a permanent life insurance policy doesn’t expire and will cover you for your whole life. Permanent life insurance policies remain active until you die, unless you stop paying your premiums or surrender the policy.
Before buying a term or permanent life insurance policy, it’s important to consider
The cost of a life insurance policy depends on things like
Life insurance policy are quite a lot of details. Therefore, the insured should read and understand it carefully. so that there is no problem in claiming when unexpected events occur