Question

state and explain the types of life insurance ​

Answer 1

Answer:

When it comes down to it, there are essentially two kinds of policies: term life insurance and whole life insurance. Term life insurance lasts for a specific amount of time (the term) and expires at the end of the policy. Whole life insurance, on the other hand, is a form of permanent life insurance.

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Answer 2

Explanation:

There are so many different options for buying life insurance but it’s really not that complicated. When it comes down to it, there are essentially two kinds of policies: term life insurance and whole life insurance. Term life insurance lasts for a specific amount of time (the term) and expires at the end of the policy. Whole life insurance, on the other hand, is a form of permanent life insurance. There are more insurance plans that fall into these two categories, each with their own benefits and drawbacks.

The different types of life insurance are:

• Term life insurance
• Whole life insurance
• Universal life insurance
• Indexed universal life insurance
• Variable life insurance
• Variable universal life insurance
• Final expense insurance
• Group life insurance