One is for the sole purpose of protection so that the dependents of a person can be supported after the demise of the insured person.
Such policies are known as term insurance policies.
In simple words, the person who pays the premiums is the policy owner while the person who is covered by the policy is the insured person. Most of the life insurance policies do not cover deaths due to man-made events.
These include riots, commotion, suicide and many other similar things.
You may be well experienced in dating women from your own race and culture, but dating a Chinese woman, someone who may well, if things go right, become your new Chinese wife, is likely to a whole new situation, a whole new experience.
In most cases, the dependents include the spouse, children, and parents.Term Insurance Term insurance is a kind of temporary insurance that would provide a death benefit for a certain period of time. Term insurance is not as costly as permanent insurance.Universal / Permanent / Whole Life insurance These types of insurance policies are mostly bought by those who see insurance as a means of investment.For example, if you buy a policy for yourself, you are both the owner and the insured.However, if you buy a policy for your spouse, you are the policy owner while your spouse is the insured person.Dating any woman is always a highly fraught experience, especially so the first few dates; so how do you cope with dating your new found Chinese girlfriend?How do you successfully progress along the dating journey with a woman from another country, another continent? either at the shopping centre or at an event, or more likely these days, on-line you’ve met a potential Chinese girlfriend.Life insurance is about providing protection to the dependents.At the same time, it also provides peace of mind to the living person.However, having a life insurance policy does not mean that you will get life cover for all kinds of deaths.Policy owner and the insured person Do keep in mind that the insured and the policy owner can be the same person or two different persons depending on the situation.