What is the difference between accidental death life insurance and regular life insurance?

Sweetask asked: What is the difference between accidental death insurance and regular life insurance? Which is a better buy? Wouldn’t all deaths (excluding illnesses) be accident? If you only buy life insurance and don’t include accidental death insurance then what is usually excluded? Thanks!!!
(I know its different for every insurance company, I am just wondering [...]

August 28th, 2009 | Tags: , | Category: Insurance | 10 comments

What exact is whole life insurance, and how do life insurance companies profit from selling it?

Alice Z asked: Agents are always extremely keen about selling my family whole life insurance instead of term. According to the agents, whole life is preferable to term since it does not expire and as a result the beneficiary is guaranteed some payment upon the death of the insured. However, why would the insurance company [...]

July 27th, 2009 | Tags: , | Category: Insurance | 4 comments