What is a conditional life insurance receipt?

Answer Applicants may receive a conditional receipt for life insurance from an insurer. This temporary agreement between the insurance company and applicant is effective during the application process.Wha... Read More »

Top Q&A For: What is a conditional life insurance receipt

What Is Conditional Coverage for Life Insurance?

An applicant for life insurance may receive a conditional receipt for coverage. This takes place after the applicant satisfies the insurer's requirements to begin the application process.Conditiona... Read More »

Do I receive a tax receipt for my donation of life insurance?

If you donate a life insurance policy to a charity, you must give the charity all the rights in the policy and the policy itself, but you continue to pay the premiums, if any. The value of the insu... Read More »

What is the difference in whole life insurance&term life insurance?

Life insurance pays a defined benefit amount when the policyholder dies. Term life insurance pays if the death occurs during the term of the policy--a predetermined number of years. Whole life insu... Read More »

What is term life insurance and whole life insurance?

Term life and whole life insurance are two types of policies that provide a financial benefit when the insured passes away. Both life insurance policies have advantages in costs and protection that... Read More »