Types Of Life Insurance
There are basically three types of policies when it comes to life insurance, with many variations and uses for each.
- Term Insurance: Offers cost-effective, short-term protection for a fixed period of time
- Whole Life Insurance: Provides guaranteed permanent protection and cash accumulation, combined with tax-advantaged access to the cash value
- Universal and Variable Universal Life Insurance: Gives permanent protection, with the flexibility to adjust premium payments; variable life offers permanent protection, combined with investment potential
Your XML agent will guide you through the process and help determine the right direction for you and your family.
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