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Classification of Life insurance policies is broadly dependent on the following criteria: I. Policies based on Duration ·          Whole life insurance policy - Under this category, the periodical payments of premiums are paid by the Life Assured throughout his lifetime, and the amount assured becomes payable only on the death of that person. In other words, a whole-life insurance plan resembles a Term Assurance Plan for an unspecified period, which is dependent upon the duration of the life of the assured. ·          Limited Payment Whole life Policy - It is a customization of an original ‘whole-life policy’, where the Life Assured determines the period for which the premium is to be paid, but the assured sum is payable only on the death of that person. ·          Convertible whole-life policy - This includes a policy, which was originally a limited payme...

Many insurance companies are coming up. They all have a number of insurance plans to offer. Be it personal insurance, family insurance, health insurance, fire insurance, insurance against theft, pet insurance or any other insurance, what it implies is they are going to take out money from the pocket of the clients every month as premium to bring out absolutely no profit at all. This can be the thought pattern of some people defined above. There are people who consider insurance agents to be die hard sellers. They are seen as people who don’t care and just want to complete their targets on time. This article focuses on providing a completely different picture of insurance agents. Our focal point being the ones at Medicare Talk. Insurance agents in Geneva are the face of the company as they are the ones who interact with the client on behalf of the company. They not only represent the company, but its values, its culture and the mode of work. Insurance agents are a result of the ...