How does life insurance work?

Question

can you buy a package for a lump sum or is it always going to be a month to month investment? Which companies are the most stable to go through?

Answer 1

It is gonna take a while to  find the answer for your question on internet.I provide a related and good resource here for your reference.

http://insurance.freetipz.info/insurance...

Answer 2

Some insurance products do allow for lump sum payments.  That being said, they are also usually designed to collapse on them selves around the age of 60-80.

Decent ones will be month to month and extremely low cost.  Any company rated A+ or Better are usually stable and good to go with.

---

2 main types: Term and Cash Value

Although you can get a Paid Up Term product, they are not common.  They last up to a certain date which, if you built your nest egg properly, can be safely canceled.  These are month to month and typically start cheap and level.

Cash value can be paid in a lump sum.  How ever, they way it works is that money pays the month to month TERM insurance costs and builds a cash value up in a low yield savings account (typically between 0 and 7% after fees).  That cash value is meant to equal the policy amount upon your 100th birthday and then be paid out.  In essence, you are funding your own death benefit with your money instead of making your money pay you.  If you are bad at math, this is a great product!!!

Answer 3

I don't think you can pay a lump sum unless you know when your going to die.