Life Insurance Death Benefits are Designed to Protect Your Family

Nov. 3, 2009 - PRLog -- Chicago (InsuranceAgents.com) - Life insurance policies is never a popular topic of conversation yet it is an important step many will take as they get older. The important thing to remember when dealing with a life insurance policy is that it is designed to financially support your family when you are no longer able to be with them, which also makes it important for consumers to fully understand the aspects of a life insurance policy and the facts about the death benefit.

http://www.insuranceagents.com/death-benefit.html

In a recent article posted by InsuranceAgents.com, "The Life Insurance Death Benefit: What It Is And How It Works," they discuss who receives the death benefit and how it is usually dispersed. "The death benefit is more than likely your next of kin but can also be a charity or small business. Once you pass on your death benefit is awarded to your beneficiary in one of two ways," states the article, "One lump sum in the amount of the life insurance policy or a series of periodic payments in the form of either a fixed or variable annuity." A fixed annuity is where the payment amounts with never change and with the variable annuity, the payments will changed based off current interest rates.

The death benefit is the most important aspect of any life insurance policy because its the reason you purchased the policy in the first place, to have financial support for your family after you pass away. If you are ready to begin discussing a life insurance policy for your family, get in contact with a local life insurance agent, they will be able to answer all your questions and assist you every step of the way.

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