| This
is generally the least expensive and least complicated type of life
insurance. It provides insurance protection for a specified period of
time, such as 1, 10, or 20 years. Term Life is suitable for anyone with
a temporary need for life insurance protection, and for those who
need a large amount of insurance protection, but have limited budgets. |
These
are the two general types of permanent life insurance. Permanent
insurance can provide protection for your entire lifetime, or up to a
specific age--at which point the insurer will pay the policy owner the
cash value. This type of life insurance can enjoy favorable tax
treatment, and is suitable for those needing life insurance for the long
term. Permanent insurance, by accumulating policy cash value, can
provide funds for education, retirement, or other future goals. |