Permanent Life Insurance
People who want their death benefit paid regardless of when they pass away may consider purchasing permanent life insurance. Additionally, the cash value portion of permanent life insurance contracts has the potential to amass wealth tax deferred. Term life insurance is typically far less expensive than permanent life insurance.
Permanent life insurance buyers frequently have definite objectives in mind, such as providing financial support for dependents, financing a trust for heirs, or accumulating cash value to boost retirement savings.
Whole life insurance
Whole life insurance is predictable because the premiums, rate of cash value growth and amount of the death benefit are fixed and guaranteed.
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