Learn about Disability Insurance, a vital policy that offers financial protection by paying out benefits when the insured is unable to earn an income due to disability. Understand the coverage for total, catastrophic, or residual disabilities.
Learn about Dividend Options in Life Insurance and how policyholders can choose alternative ways to collect dividends.
Discover what Monthly Debit Ordinary (MDO) policies entail in the context of life insurance. Learn how MDO premiums are collected and its similarities to industrial policies.
Discover the benefits and structure of a Retirement Income Policy in life insurance, including how it integrates endowment features with a focus on retirement planning.
Learn about collection fees in life insurance, a fee paid to insurance agents for collecting policy premiums. Understand how these fees impact your insurance policy.
Learn about the level death benefit option in universal life insurance, which provides either the face value of the policy or a percentage of the accumulation value upon the insured's death.
Learn about the lump sum settlement option in life insurance, where the insured or beneficiary receives the entire payout amount at once.
