Utah Fast, Free Utah Life Insurance Quotes
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Life Insurance
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Utah Residents:
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Step 2: Please Select the City in Utah:

Alpine
Midway
American Fork
Milford
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Moab
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New Harmony
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North Salt Lake
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Orem
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Delta
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Price
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Providence
Emery
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Randolph
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Richmond
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Rockville
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Fillmore
Roy
Ft Duchesne
Rush Valley
Grantsville
Salem
Gunlock
Salt Lake City
Heber City
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Santa Clara
Hill Afb
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Huntington
Smithfield
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South Jordan
Hyrum
Spanish Fork
Ivins
Springdale
Junction
Springville
Kamas
St George
Kanab
Sterling
Kaysville
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Tooele
Layton
Toquerville
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Lehi
Vernal
Lewiston
Veyo
Lindon
Virgin
Logan
Washington
Magna
Wendover
Manila
West Jordan
Manti
Woodruff
Mantua
Woods Cross
Midvale
 

Some Life Insurance Information: Utah

Life insurance or life assurance is a contract between the policy owner and the insurer, where the insurer agrees to pay a sum of money upon the occurrence of the policy owner's death. In return, the policy owner (or policy payer) agrees to pay a stipulated amount called a premium at regular intervals.

As with most insurance polices, life assurance is a contract between the insurer and the policy owner (policyholder) whereby a benefit is paid to the designated Beneficiary (or Beneficiaries) if an insured event occurs which is covered by the policy. To be a life policy the insured event must be based upon life (or lives) of the people named in the policy.

Insured events that may be covered include:

  • death,
  • accidental death

Life policies are legal contracts and the terms of the contract describe the limitations of the insured events. Specific exclusions are often written into the contract to limit the liability of the insurer; for example claims relating to suicide, fraud, war, riot and civil commotion.

Life based contracts tend to fall into two major categories:

  • Protection policies - designed to provide a benefit in the event of specified event, typically a lump sum payment.
  • Investment policies - where the main objective is to facilitate the growth of capital by regular or single premiums.

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