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What is Direct Term Life Insurance?

Quinn Direct Insurance on March 21, 2013 - 1:17 pm in Homepage

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If you are looking for insurance options then you may be really confused about now. Insurance comes in a vast variety of options. You have auto insurance, life insurance, and home insurance, and then you have disability and liability insurance as well. There are so many options for insurance out there that it is no wonder people get totally confused. Quinn direct insurance should be able to clear any questions you have up for you but until then here are some facts about direct insurance or direct term life insurance for you to read over.

To understand direct term life insurance you need to break it down into four different parts, not the least being what direct insurance actually is. Insurance as most of us know is a business agreement between an individual and a company. The person getting the insurance agrees to pay so much a month to the company who holds the insurance policy for them. The company in turn agrees to pay the person a set amount if something should happens. Insurance is actually designed to help an individual during times of stress and financial strain.

Life insurance is a specific type of insurance that pays out to one person in the event of the death of a person that is insured to a person that is named in the insurance policy. The life insurance portion of this is pretty self explanatory.

There are two kinds of life insurance to choose from term and whole life. Whole life pays no matter when the insured dies and term pays only if the insured dies in a certain period of time. Term insurance is of course cheaper because of this stipulation.

The direct in direct insurance means that the person who holds the policy is also the person who is insured. What this means in simple terms is that the person who is paying for the policy must be the person who dies to receive the benefits of the policy. Direct insurance policies like this are often offered by employers or trade unions.

Direct term life insurance is only one of the types of direct insurance that is being offered by insurance companies like Quinn insurance and others. There are many different kinds of insurance to cover the most basic of needs. The type of direct insurance you need to have is totally up to you and the lifestyle that you lead.

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