Term life insurance provides coverage for a specific period, typically at lower costs, while whole life insurance offers lifelong coverage and includes a cash value component that grows over time.
To file a claim, contact your insurance provider, gather necessary documentation (like policy details and incident reports), and complete their claim form. They’ll guide you through the process.
Using an insurance agent can be beneficial for specific policies from one company, while a broker can provide a broader range of options from multiple insurers. It depends on whether you want personalized service from a single provider or access to various plans.