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Guide to Life
Insurance
By Marc Firestone
“Life Insurance” is a term that many of us hear, but aren’t
quite sure on. There are many types of life insurance,
which begs the question: which one is right for me? In this
presentation we will cover 4 major types of health
insurance.
1. Whole Life
Whole Life Insurance
❖ Combination of life insurance
and investment fund!
❖ Policy pays out fixed amount
on event of your death!
❖ Portion of premium goes
towards cash investments of
the company
2. Universal Life
Universal Life Insurance
❖ Similar to whole life!
❖ Chance of a higher return!
❖ Policies usually do not
guarantee specific rates
3. Variable Life
Variable Life Insurance
❖ 2 main subtypes: Variable life
and variable universal life!
❖ Permanent Policy!
❖ The investment fund
component is linked to a stock
or bond-mutual investment
4.Term Life
Term Life Insurance
❖ No investment components!
❖ Coverage last for a fixed period
of time!
❖ Option to renew each year
–Mark Firestone
Thanks for Viewing!

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4 Types of Life Insurance