Differences between term and permanent life insurance
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This document discusses the basic types of life insurance policies. It explains that term life insurance provides coverage for a specified period of time, with lower premiums than permanent life insurance. Permanent life insurance provides lifelong coverage and builds cash value over time, with premiums that are usually higher than term life insurance. The document also notes that both term and permanent policies have advantages, so the best choice depends on an individual's unique needs and situation.
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Differences between term and permanent life insurance
- 1. Questions & Answers on Life Insurance The Life Insurance Toolbook Presents: Q: What Are the Basic Types of Life Insurance? Part 1 Term Life Insurance Created by the author of Questions & Answers on Life Insurance , The Life Insurance Toolbook, Tony Steuer, CLU, LA .