Different Types of Life Insurance Policies
Life insurance is an important purchase for many people and there are several different types to consider.
Perhaps the most popular and well-known type of life insurance is term life insurance, which pays out only if you die during the length of a specified term.
Whole life insurance, on the other hand, covers you for your entire life and builds cash value over time.
Universal life insurance is a type of permanent life insurance that offers more flexibility in premiums and death benefits than whole life or term life policies.
Lastly, variable life insurance also provides permanent coverage while allowing policyholders to invest their premiums into different optioned funds or accounts - some at their own risk - to earn potentially higher returns than traditional fixed accounts.
No matter what kind of protection you're looking for, there's sure to be a type of policy that fits your needs.
Want more? Insurance Savings: How to Save Money on Auto, Home, Life and Medical Insurance (eBook)