National Guardian Life Insurance Co. is a well known American insurance company based in Madison, Wisconsin, which is a part of a conglomerate of three other companies. It was established in 1910 and today it is an independent insurance company as well as a multi-state mutual life insurer and is also licensed to do business in forty-nine states and in the District of Columbia.
Its insureds are diverse and are varied in the areas of business and career, travel, investment and retirement. It offers competitive insurance premiums and its policyholders have a wide range of choices in terms of policies and underwriting procedures. This insurer does not have the same reputation as others in the insurance industry and has gained its name for its outstanding performance in the field of life insurance.
National Guardian life insurance companies offer insurance that covers risks such as death, disability, annuities, income and life settlement. The company’s agents are well versed in the ways to go about the life insurance business and offer comprehensive insurance coverage to its clients.
Life insurance is a relatively inexpensive type of insurance which provides financial benefits to the beneficiaries who die. The benefit is usually a fixed sum which is paid out to the beneficiaries over a fixed period of time or at regular intervals according to the terms and conditions of the policy. The amount of the insurance premium is decided by comparing the risk and expected return of the investment with the current value of the life policy. The risk of the investment or the amount of the premium is usually based on factors such as the health condition of the insured and any pre-existing medical conditions.
Life insurance is very popular among many people who consider themselves to be active, healthy, financially stable and well off. A large number of these people consider that they will live for a very long time and therefore it makes good sense to insure them against sudden unexpected losses which could cause financial problems for them. When they get ill or pass away, they may find themselves in a situation where they are unable to pay their debts and in some cases may find themselves homeless and unable to pay the debts of other family members or relatives.
Life insurance is not considered to be as risky as some of the other types of insurance but still there are certain risks involved. Most life insurance is issued by banks and insurance companies that sell their policies through agents who specialize in insurance. The premiums for these types of policies are usually higher than those issued by independent agents and insurance brokers. Many times life insurers will also require the customer to deposit a certain amount of money into a savings account in case they die before the end of the specified time period of the policy.
Another form of life insurance is called investment in life insurance. With this type of policy the investor agrees to pay a premium in exchange for a specific amount of cash. The amount of cash invested in the insurance policy is called the value of the policy and the amount of cash paid out to the beneficiaries is referred to as the return of investment.
While life insurance may seem to be the oldest and least risky form of insurance, it is still important to keep in mind the risks involved and the dangers that come along with the business. Although it can help to cover the cost of funeral expenses, it should be kept in mind that while life insurance is considered to be a secure way of investing money, it is still risky and should not be taken lightly.