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TYPES OF LIFE INSURANCE
There are many thing you must consider when trying to find the best life insurance policy for your specific needs. Hopefully this article will give you some understanding on the different types of life insurance and help you find the best life insurance policyfor you.
Whole Life Insurance A whole life insurance policy is a life insurance policy that pays a benefit on the death of the insured and also accumulates a cash value. Whole Life Insurance policies have a predetermined face amount for which the insured is covered for as a death benefit. The face amount for which the insured is covered does not change over time and will never be adjusted unless otherwise stated in the policy. Instances of a different pay out amount being awarded to the family of the insured are rare, however this does happen and is all dictated by the stipulations of the individual policy that has been written. Whole Life Insurance policies are in force until the insured passes away or unt…