Universal Life Insurance

Life insurance is meant to provide financial security for loved ones when the policyholder passes away. But under certain circumstances it might be beneficial to access the insurance policy benefit while you are living.

Accelerated Death Benefits Rider

In the event of a terminal illness, the accelerated death benefits provision, also known as living benefits, allows the policyholder to access the insurance policy benefit.

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There are many factors underwriters consider when determining term life insurance rates. As a rule of thumb, term life insurance premiums are primarily based on the age of the insured and the amount of the policy. However, many other aspects of your lifestyle also figure into the cost of life insurance.

Using the Internet to access a wide range of information, as well as sophisticated software tools that calculate risk, insurance underwriters look at medical records, family history, lifestyle, driving records and even credit scores.

Once these factors are assessed, underwriters assign you a health class or rating, and this determines your term life insurance premium.

Factor No.

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