About eLife Insurance

eLife Insurance Company is not only about life insurance, although life insurance is their biggest and most often subscribed to policies.

There are several different types of life insurance available through eLife Insurance Company, one that would be perfect for an individual, their family and their budgetary requirements and restrictions.

Beginning with term insurance, this type of policy is calculated to look after and individuals loved ones should the worst happen to them by leaving their family with enough funds to survive an income loss, pay off any debits and continue to live the life they are accustomed to. Term insurance is the easiest and most economical to obtain because the person who wants to be insured chooses how long they wish the policy to last, such as 25 years which would be the term of the policy.

The next type of life insurance available through eLife Insurance Company is the level term life insurance policy which will guarantee a cash sum to the family of the policy holder if the insured dies before the term is up. This type of policy also pays if the named insured is suffering from a terminal disease and doctors give them less than 12 months to live. There is also a joint style level term life insurance policy for husbands and wives but will only pay out one time – for the first death – to the remaining spouse.

A person’s family is what is most important to them and they want to make sure their family is going to be okay if anything should happen to them. The family income benefit protection policy’s main difference is that should the policy holder die, the family will receive a monthly check instead of a lump sum cash benefit. This will allow the family to live the life they have lived and continue making payments on the mortgage and other debit.

eLife Insurance also offers a critical illness policy because the sad fact is that 1 in 3 people will be struck with cancer during their lifetime. There are other distressing and frustrating diseases and illnesses that are also covered such as heart attacks or strokes, but cancer seems to be the leading cause of critical illness policy claims. This type of policy will give a lump sum cash amount after a diagnosis and a policy holder may do what they wish with the money. Some people pay off their mortgage so their family won’t have to worry about it while others take their family on a trip to get away from their daily nightmare if only for a little while.

There are also whole life insurance policies that cover an individual for a person’s whole life and will pay out when a person passes away, typically a lump sum cash amount to their family members or named beneficiary.

With life insurance, it is best to shop around to find the most economical price along with the most coverage for a person’s money.
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