Life Insurance Learning Center - Life Insurance Types
Term Life Insurance VS. Whole Life Insurance!
There are two basic types of life insurance: whole life insurance and term life insurance.
Term life insurance policies have a set duration that limit the coverage period. It is then up to the term life insurance policy owner to decide whether to renew the term life insurance policy, or to let the coverage terminate.
Yes, there are quite a few different types of life insurance policies out there. However, the two most basic and important that you really need to know about are the one-year renewable term and the straight life insurance. These two can satisfy the needs of most buyers.
The term life insurance policies that we will be discussing are:
Whole life insurance policies are different than term life insurance policies because the duration extends till the insured reaches 100 (hence, a whole life). There are many types of whole life insurance policies. We will discuss:
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