- published: 29 Sep 2013
- views: 73952
Life insurance is a contract between an insurance policy holder and an insurer, where the insurer promises to pay a designated beneficiary a sum of money (the "benefits") upon the death of the insured person. Depending on the contract, other events such as terminal illness or critical illness may also trigger payment. The policy holder typically pays a premium, either regularly or as a lump sum. Other expenses (such as funeral expenses) are also sometimes included in the premium; however, in Australia the predominant form simply specifies a lump sum to be paid on the policy holder's death.
The advantage for the policy owner is "peace of mind", in knowing that the death of the insured person will not result in financial hardship for loved ones.
Life policies are legal contracts and the terms of the contract describe the limitations of the insured events. Specific exclusions are often written into the contract to limit the liability of the insurer; common examples are claims relating to suicide, fraud, war, riot and civil commotion.
Susan Lynn "Suze" Orman (born June 5, 1951) is an American financial advisor, author, motivational speaker, and television host.
Orman was born in Chicago and received her B.A. in social work. She worked as a waitress in Berkeley, California before becoming a financial advisor for Merrill Lynch. In 1983 she became the vice-president of investments at Prudential Bache Securities and in 1987 founded the Suze Orman Financial Group.
Her program The Suze Orman Show has aired for eleven years and is one of the highest rated shows on CNBC. She has written nine consecutive New York Times Best Sellers and has written, co-produced and hosted seven PBS specials based on her books. Her PBS shows are the most successful fundraisers for PBS and have won two Emmy awards. She has also won the most Gracie Awards of any individual. In 2008 and 2009, Orman was named to the Times Magazine list of 100 most influential people, the 2010 Forbes Magazine 100 most powerful women in the world, and 18th on the Forbes list of The Most Influential Women In Media.[citation needed]
Term and whole life insurance policies
How to Sell Life Insurance - AMAZING!
What Is Life Insurance and How Does It Work?
"Unsung Hero" (Official HD) : TVC Thai Life Insurance 2014 : โฆษณาไทยประกันชีวิต 2557
The Psychology of Selling Life Insurance
Suze Orman on Cash Value Life Insurance vs Term Life Insurance
Heated debate between whole life agent and Dave
How Does Universal Life Insurance Work - Explained!
Silence of Love : Thai Life Insurance Commercial (English Subtitled)
Rebel Alliance Life Insurance - Studio C
IUL - Indexed Universal Life Insurance
Suze Orman - Term and Life Insurance Comparison
What is Life Insurance? | Life Insurance 101
Is Whole Life Insurance A Rip Off?