What are the different types of life insurance available?

Advice

There are 2 basic types of life insurance coverage: term and permanent.
Each has unique features designed to meet different needs. Whether you're starting a family, buying a home, or getting married a plan can be tailored for you.

1.Term Insurance
Temporary coverage
Lower cost
Fixed payments
Option to convert to permanent

2.Permanent Insurance
Lifetime coverage
Higher cost
Flexible payments
Opportunity to build cash value

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