Which Makes Sense for You: Permanent or Term Life Insurance?
Which Makes Sense for You: Permanent or Term Life Insurance?
In a very broad sense, there are two types of life insurance:
- permanent life insurance and
- term life insurance.
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In a very broad sense, there are two types of life insurance:
Burial insurance or final expense insurance is a basic life insurance policy that covers people until they reach the age 100. It is an easy insurance to obtain. Depending on the policy, burial insurance or final expense insurance gives your family the ability to cover the expenses of a funeral and potentially other outstanding expenses.