What is the monthly insurance payment called?
What is the monthly insurance payment called?
insurance premiumAn insurance premium is the monthly or annual payment you make to an insurance company to keep your policy active. Premiums are required for every type of insurance, including health, disability, auto, renters, homeowners, and life. Jul 26, 2019
Is IUL good for retirement?
Conclusion : The major benefit of using an IUL in your retirement planning is the benefit of choice. IUL owners enter retirement with an additional asset that is guaranteed not to lose value in down markets and could significantly outperform other investments with similar risk profiles.
What is a disadvantage to a credit life insurance policy?
Drawbacks of credit life insurance Credit life insurance is usually more expensive than term life policies of equal value. The death benefit is reduced as you pay down the loan, meaning you lose value as the product matures because your premiums stay the same. Oct 28, 2021
