Life insurance or life assurance is a contract between the policy owner and the insurer, where the insurer agrees to pay a sum of money upon the occurrence of the insured ... http://en.wikipedia.org/wiki/Life_insurance
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That is why a 5 or 10-year term life insurance policy is the least expensive. The company is less likely to pay a claim on that term life policy. http://www.lifeinsure.com/
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You'll still be able to claim the death benefits. Here's what to do when a life insurance policy is missing. Read More More Life Insurance Articles http://www.insurance.com/life.aspx
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Whole Life Insurance, or Whole of Life Assurance (in the Commonwealth), is a life insurance policy that remains in force for the insured's whole life and requires (in most cases ... http://en.wikipedia.org/wiki/Whole_life_insurance
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