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Frequently Asked Questions
Frequently Asked Questions
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01. What kind of life insurance builds cash value?
The rest of the premium payment will go toward your policy's cash value. The life insurance company generally invests this money in a conservative-yield investment. As you continue to pay premiums on the policy and earn more interest, the cash value grows over the years.
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02. What are the common components of insurance?
The most important components of most insurance plans are the premium and the contract. Anything written in the contract becomes its crucial component.
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03. What is meant by insurance plans?
An insurance plan is the one that consists of a premium amount and other components used in getting a product insured. There may be various types of insurance plans with varying terms and policies.