What Is Indexed Life Insurance?

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Borrowers may find credit life insurance an attractive option simply because it is one of the most reasonably priced life insurance options on the market. A number of factors make it cost effective. First, it is basically a term life insurance policy, only lasting the length of the loan at most. Second, because the amount of possible liability decreases each month, every month a payment is made means there is less risk for the insurance company to cov

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Indexed life insurance is a policy that is dependent on outside factors to determine the value and price of the policy. This category includes two different types of policies. One type includes policies where the premiums and benefits are based on the consumer price index (CPI). The other type, called Equity indexed life insurance refers to investments that are made with excess premiums paid into a policy.