What Are Common Types of Life Insurance?

By goodwillinsurancebrokers | Financial Planning

Mar 12
Common Types of Life Insurance

TERM LIFE:

  1. Provides protection for a limited amount of time.
  2. Provides no cash value but offers a lower premium.
  3. Provides protection for specific times of need

WHOLE LIFE:

  1. Provides protection for entire life
  2. Provides cash value that accumulates over life policy.
  3. Cash value can be used for retirement and or fulfilling any dreams in the future.

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