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1. USA LIFE
INSURANCE
10 major life insurance policy

2. 10 major life insurance policy
■ Life Insurance is really a critical element of your family's investment and long-term
operating plan. Life Insurance provides income for the family in case of your death and can
be an important instrument for saving for your future.
There are lots of types of life insurance policies offered in the US, and it is vital that you
choose the right kind of coverage for the family's needs.The most typical types areTerm
life insurance andWhole life insurance policy.
Term Life Insurance
Term life insurance is called “pure” life insurance, since it pays the death benefit if the
named person dies inside the defined term (anywhere from one to 30 years), however, if
the named person does not die, no portion of the premiums will be returned towards the
policyholder. It simply insures against demise, and the relatively low premiums be affected
by it. Most term life insurance policies are renewable and convertible.

3. 10 major life insurance policy
■ Whole Life Insurance
Whole life insurance doesn't have predefined term; it offers death benefit protection over the “whole”
lifetime of the insured, so long as premiums are paid. A whole life policy also combines a good
investment component with the insurance component: it accumulates a money value that the insured
can withdraw or borrow against over their lifetime.Very existence is sometimes called permanent life
insurance, also it encompasses several subcategories, including traditional very existence, universal
life, variable life and variable universal life. However, compared to other forms of investing, life
insurance policies tend to provide a relatively low rate of return (not least because of the fees and
commissions involved in insurance policies). Consult someone experienced in financial planning
before choosing an entire life insurance policy.
When evaluating life insurance policies for you and your loved ones, you have to think about the
purchase of temporary versus permanent coverage.As you've just read, there are many differences in
how policies might be structured and just how death benefits are determined.
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