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Types of Life Insurance

Types of Life Insurance

2) Permanent Life Insurance: Continued ....

C) Variable life insurance:
Variable Life insurance is as well a type of Whole Life insurance. Since with Whole Life and Universal Life insurance, part of the premium payment goes toward the term life part of the policy, part to administrative cost as well as part to the investment or cash value portion of the policy. There is a key difference between the investment portion of Variable Life and that of further forms of life insurance. With Variable Life, the insured person is capable to decide how to invest the funds in the investment portion of the policy.

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