Types of Life Insurance

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This app contains about Types of Life Insurance. Learn all about it and you will find tips and knowledge to understand what kind of life insurance that you need.

There are two major types of life insurance term and whole life. Whole life is sometimes called permanent life insurance, and it encompasses several subcategories, including traditional whole life, universal life, variable life and variable universal life. In 2016, about 4.3 million individual life insurance policies bought were term and about 6.4 million were whole life, according to the American Council of Life Insurers.

In this app, we will disscuss the following topics:

• Explanation of Various Types of Life Insurance

• What Type of Life Insurance Policy Should You Get

• 8 Types of Life Insurance Policies and Which Policy is Best for You?

• Types Of Life Insurance Policies - Which Is Right For You?

• What Type Of Life Insurance Is Best?

• Evaluating the Different Types of Life Insurance

• What Are The Principal Types of Life Insurance?

• Comparing Life Insurance Policies

• Avoid These Six Common Life Insurance Mistakes

• Different Types of Life Insurance Coverage Explained

And much more..

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A little explaination about Types of Life Insurance:

The primary purpose for getting life insurance will always be to protect the people you care about in case something were to happen to you. How much capital would you need in order to pay off debts, support your loved ones, or to take care of all your affairs?

After you understand what priorities you would like to protect through life insurance it is fairly easy to determine the correct amount of coverage.

There are basically five different types of life insurance, and knowing the different types can help you decide which one is right for you and your family. The cheapest and simplest insurance is the term life insurance. This is just insurance on the event of your death, and pays a designated amount of money to the beneficiary. It has no cash value like other policies, and both the policy limit, as well as the death benefit is the same, up to $200,000. If you want a policy that protects your family when you die, can pay for funeral expenses, as well as a some extra to help them out, this is the way to go.

Life insurance is something that everybody will need at some point but unless you work in the insurance industry or are close to somebody that does, what do you actually know about the types of life insurance policies that are available to you? The answer to that question is more than likely 'not a lot', and why should you? Insurance is not something that is explained in school or college and in most cases where the need for it comes up it is due to a mandatory requirement, such as if you wish to start driving car. Life insurance on the other hand can often be something that is more optional than mandatory.

You can be forgiven for thinking that there is a generic life policy for insurance that everybody buys but this is really not the case and there are various different types of life insurance that can be purchased, each having it's own specific features and benefits that may be of interest to consumers.

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