Principles of Risk Management and Insurance, 13th Edition

Other Types Of Life insurance

A wide variety of additional life insurance products are sold today. Some policies are designed to meet special needs or have unique features. Others combine term insurance and cash-value life insurance to meet these needs. Still others should be avoided, as discussed in Insight 11.2.

Insight 11.2 Be a Savvy Consumer—Four Life Insurance Policies to Avoid

For savvy consumers, certain life insurance policies are of doubtful value and should be avoided. They include the following:

• Flight insurance at airports. Skip the flight insurance at the airport. This is a limited form of life insurance that covers only the flight. You want to own life insurance that pays off regardless of the cause of death. Moreover, commercial ...