Menu
Home
Forums
New posts
Search forums
What's new
New posts
New resources
New profile posts
Latest activity
Resources
Latest reviews
Search resources
Members
Current visitors
New profile posts
Search profile posts
Log in
Register
What's new
Search
Search
Search titles only
By:
New posts
Search forums
Menu
Log in
Register
Install the app
Install
Home
Forums
Insurance Forums
Life insurance
What are the different types of life insurance policies?
JavaScript is disabled. For a better experience, please enable JavaScript in your browser before proceeding.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an
alternative browser
.
Reply to thread
Message
[QUOTE="Knowlopedia, post: 8164, member: 41"] There are many different types of life insurance policies available on the market today. Some of the most common include: Whole life insurance: This type of policy provides coverage for your entire life, as long as you continue to pay the premiums. Whole life policies also have a savings component, which can be used to help pay for things like college or retirement. Term life insurance: This type of policy provides coverage for a set period of time, usually 10-30 years. If you die during the term, your beneficiaries will receive the death benefit. If you don’t die during the term, the policy will expire and you will not get any money back. Universal life insurance: This type of policy is similar to whole life insurance, but with more flexibility. You can choose how much coverage you need and how long you need it for. The premiums are also flexible, so you can increase or decrease them as your needs change. Variable life insurance: This type of policy is like a whole life policy, but with an investment component. The cash value of the policy can be invested in things like stocks, bonds, or mutual funds. The performance of the investments will determine how much money your beneficiaries will receive. [/QUOTE]
Insert quotes…
Verification
Post reply
Home
Forums
Insurance Forums
Life insurance
What are the different types of life insurance policies?
Top