There are two basic types of life insurance: Term and Permanent.
Within the category of term life insurance plans you may be able to choose from level term, decreasing term and renewable term, among others.
Term life insurance is good for temporary life insurance needs of 30 years or less.
Within the category of permanent life insurance is variable, universal and whole life insurance, among others.
Basically, term life insurance is temporary coverage for a set period of time with level premiums for the term of your policy which may last for 10, 15, 20 or 30 years, usually.
Permanent life insurance is lifetime coverage with level premiums and may build uo cash value inside the policy over time from which you may be able to take a loan in the future.
Learn more about term life insurance vs permanent life insurance.
Within the category of term life insurance plans you may be able to choose from level term, decreasing term and renewable term, among others.
Term life insurance is good for temporary life insurance needs of 30 years or less.
Within the category of permanent life insurance is variable, universal and whole life insurance, among others.
Basically, term life insurance is temporary coverage for a set period of time with level premiums for the term of your policy which may last for 10, 15, 20 or 30 years, usually.
Permanent life insurance is lifetime coverage with level premiums and may build uo cash value inside the policy over time from which you may be able to take a loan in the future.
Learn more about term life insurance vs permanent life insurance.
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