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Some useful information about insurances, policies and programs:

An annuity contract is a financial product, typically offered by a financial institution, that may accumulate value and take a current value and pay it out over a period of years. These contracts are regulated by various jurisdictions and this has led to the term being focused on different features in different parts of the world.

There is no savings component (no cash value) to this term life insurance policy. The amount of protection in this term life insurance policy is equal to the death benefit. Some of these term life insurance policies are non-participating and some are participating. You should decide which you prefer and make sure you ask the term life insurance agent whether the term life insurance policy is participating or not.



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