What is whole life insurance in simple words?
Whole life insurance is a type of permanent life insurance, which means the insured person is covered for the duration of their life as long as premiums are paid on time.
What are the two types of whole life insurance?
Variations on the standard policy might offer different investment options, payment schedules, or be designed for specific circumstances. The different types of whole life insurance include: Indexed whole life insurance. Guaranteed issue whole life insurance.
What are 4 types of whole life policies?
The three main types are whole, universal life insurance, and term life insurance.
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