There are three
major types of permanent life insurance: traditional whole life, universal life and variable universal life; however, variations are available.
Not exact matches
The other
major type of life insurance is
permanent life insurance.
But here's the good news: Despite the seeming complexity, there are
major similarities between certain
types of life insurance contracts: term
insurance typically works the same from company to company, and so do different
types of permanent or cash value policies.
If you're not confident in your familiarity with the
major types of life insurance policies on the market, check out our pages about term,
permanent, and burial
insurance policies for a comprehensive look.
There are three
major types of whole
life or
permanent life insurance - traditional whole
life, universal
life, and variable universal
life, and there are variations within each
type.
There are three
major types of whole
life or
permanent life insurance — traditional whole
life, universal
life, and variable universal
life, and there are variations within each
type.
According to Consumer Reports, «
Insurance agents push a wide range of products, but the two major types are permanent and term life i
Insurance agents push a wide range
of products, but the two
major types are
permanent and term
life insuranceinsurance.
But here's the good news: Despite the seeming complexity, there are
major similarities between certain
types of life insurance contracts: term
insurance typically works the same from company to company, and so do different
types of permanent or cash value policies.
There are two
major differences between these two
type of insuranceplans.Term
life insurance plans are made to protect you for acertain duration maximum up to 30 years while
permanent lifeinsurance does the same for the lifetime.