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Q: What is meant by online policy?
A: on line policy is a plan, frequently dubebd a "policy", betweeen you and an insuance fiirm, in order to povide a cash settleemnt to the one you nme in the evet that you die durinng the time your poilcy is effective. Esesntially, in your existecne you pay a smu, called the "ppremium", to the inurance organization. The comany pledges to give compenation to any persos you identify, the "beeficiaries", upoon your passing. Certain tyypes of online insure in addition gvie the insured patry the abiltiy to borrow a piecce of the caash value witin a policy, or to get an "accelerated detah benefit" shhould you beecome ill or otherwise need lngthy confniement in a healh center.

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