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Life Insurance
LIFE INSURANCE IS BOUGHT BECAUSE YOU LOVE SOMEONE! |
Life Insurance is providing financial security for YOUR FAMILY.
Life Insurance replaces income lost by the death of the wage earner.
It means that the people you love can have the life that you wanted them to have i.e. the college education or staying in the home they live in.
How much Life
Insurance do you need?
What kind of insurance
should I buy?
That depends. There are
two (2) kinds of life insurance.
TERM Insurance
Term Insurance only provides a death benefit and is similar to renting a house - you have no equity in the policy.Permanent Insurance
Permanent Insurance provides lifelong protection and is known by a variety of names- Whole Life, Universal Life, Variable Life, just to name a few. Most permanent policies have a feature called cash value. This Cash Value builds equity similar to the equity you build in owning a home.
