There are six basic types of life insurance:
1) Term: Term life insurance is the simplest kind of life insurance because it pays if death occurs during the term of the policy, which is usually from one to 30 years. There are two kinds of term life insurance: Level term means that the death benefit stays throughout the duration of the policy, and decreasing term means that the death benefit drops in one-year increments over the duration of the policy.
2) Whole life/permanent: Whole life or permanent insurance has a level premium and pays a static benefit whenever you die. For... Articles Tagged ‘whole insurance’
Types of Life Insurance
There are six basic types of life insurance:
1) Term: Term life insurance is the simplest kind of life insurance because it pays if death occurs during the term of the policy, which is usually from one to 30 years. There are two kinds of term life insurance: Level term means that the death benefit stays throughout the duration of the policy, and decreasing term means that the death benefit drops in one-year increments over the duration of the policy.
2) Whole life/permanent: Whole life or permanent insurance has a level premium and pays a static benefit whenever you die. For...
Wednesday, February 18th, 2009
There are six basic types of life insurance:
1) Term: Term life insurance is the simplest kind of life insurance because it pays if death occurs during the term of the policy, which is usually from one to 30 years. There are two kinds of term life insurance: Level term means that the death benefit stays throughout the duration of the policy, and decreasing term means that the death benefit drops in one-year increments over the duration of the policy.
2) Whole life/permanent: Whole life or permanent insurance has a level premium and pays a static benefit whenever you die. For... 
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