Life Insurance

What is Life Insurance?

Life Insurance is a contract that promises to pay a financial benefit at the death of the insured as long as the policy is in effect. A premium is paid to the issuer of the contract, typically a life insurance company, and as long as the policy is in effect, the insurer will pay a death benefit to the named beneficiary at the death of the insured.

Who needs Life Insurance?

Life Insurance is a contract that promises to pay a financial benefit at the death of the insured as long as the policy is in effect. A premium is paid to the issuer of the contract, typically a life insurance company, and as long as the policy is in effect, the insurer will pay a death benefit to the named beneficiary at the death of the insured.

Why buy us Life Insurance?

One

Life insurance sold in Israel today is far inferior to that which is sold in the USA in terms of both price and product quality. Whereas a US resident can enjoy risk/term life insurance at very affordable prices with contracts that guarantee no increase in premium for 10/15/20/25 and even 30 years, similarly healthy residents of Israel pay an initial premium as much as 3 to 4 times as high and the cost goes up each policy year.

Type of Life Insurance

Term Life Insurance

As the name implies, this is life insurance for a term, or a set number of years. Most term policies offer a level premium guaranteed for 10/15/20/25 or 30 years. At the end of the term the policy either ends or the premium jumps so high that virtually every policyholder lets the policy lapse. Think of term life insurance as similar to automobile