Types of permanent life insurance
Posted on May 12, 2008
Filed Under Basic Information, Helpful Facts | Leave a Comment
There are different types of permanent life insurance and some of these are the traditional whole life, universal life and variable life. In traditional whole life, you can get the most guarantees and this type is best to purchase if you have trouble saving. In Universal life, you can be assured of premium flexibility in the first years of the policy; it is more flexible than traditional whole life and premiums can even be skipped. In variable life, you are offered the fewest number of guarantees and the greatest potential for cash-value increases, suitable for the risk-taking investor. In buying permanent life insurance, choose the type that best suits your needs and preferences.
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