What are different types of life insurance?

  • Aug-23-2016
  • Richard Reich

There are basically two types of life insurance – permanent and temporary. Whole life insurance and Universal life insurance are two types of permanent life insurance, both providing coverage for the entire life of the insured person. Term life insurance provides temporary coverage for specified periods of time (the term), typically for 10, 15, 20, 25 or 30 years.

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