Life insurance measure can be taken each year and extended in the next year or you can buy it for the time period you specify age 5 years, 10 years, even 20 years. When you buy insurance annual measure, the cost of its annual premium will always increase. Because the insurance premiums to see you probalitas will mortality increased with the increase in age. Whereas if you buy term insurance measure 10 years, the insurance company will calculate the average cost of premiums or flat during the time period of 10 years.
As long as you pay the premium every month, your insurance protection will remain in effect. Meanwhile, if you fail to pay the annual premium, your insurance protection will be exhausted with the time limit (grace period) a very short one-month. This insurance does not have a cash value. This means that if you die world in the period specified, then your family will receive insurance money in full.
However, if the expires you will not die, then the premium you have paid you will not receive any return money. So, if you do not die in the world a limited time, the money you "lost".
Labels: insurance measure