Insurance
Life Insurance

Are life insurance policies permanent?

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2010-11-08 20:38:17
2010-11-08 20:38:17

It depends on what type of policy you get. Term life insurance is a limited policy which you retain for a specified number of years. Whole life insurance is a policy that covers you for life. There are pluses and minuses for each. Term life rates can go up yearly but the cost at first purchase is much lower than whole life. For more information, talk to your agent

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