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Types of Life Insurance

Types of Life Insurance

1) Term Life Insurance: Continued ....

... period of the policy, the policy terminates and would pay nothing. Term Life insurance does not build any kind of equity is often one of the least costly types of insurance and is obtainable in a number of forms. Term Life insurance is usually purchased as a means of temporary protection or when an individual cannot have enough money for the cost of other types of Life insurance. Some people wish to invest their own money somewhere else and feel they can get higher yields without having to use a Life insurance plan.

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