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Answered 2013-05-10 06:08:11

A life insurance is only good for life coverage, when you die an amount of money is given. Whole life insurance includes investments you have. Such as Stock Market.

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AAA Life Insurance offers three main types of life insurance policy these include Whole Life insurance, Term Life Insurance and Universal Life Insurance.


What are some advantages of whole life insurance?

The main advantage to whole life insurance is that it will cover your entire life, as opposite to a term insurance policy, which only covers you for a term of usually 10 to 20 years, after which it expires.


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There are two main categories of life insurance: whole life and term insurance. Whole life insurance is an insurance policy combined with an investment account and has several variations such as universal life and variable life. Term life insurance has no investment account, but provides a set sum of money should one die within the specified term of coverage. Variations of term life insurance include annuable-renewable and level-term policies.


What are the advantages of whole life insurance?

Life insurance is secure our life.It support to live without loved ones. For more information about life insurance plans visit aegonreligare.com.The main advantage of whole life insurance is that it will guarantee (for most policies) that your life insurance will never end. Whole life also offers cash value which earns a very conservative rate of return. We suggest that you consider whole life insurance only after you have made sure that you have the right amount of coverage. In other words, if your budget is $50/month and you need $500,000 in life insurance, it is not likely that you will be able to buy a $500,000 whole life policy for that premium. Some may be tempted to still get the whole life and insure themselves for just $100,000, but if you die tomorrow, your loved ones will be more grateful if you have the right amount of coverage rather than a great whole life policy for only $100,000. Be well. mcdlife.comWhole life insurance provides equity in terms of banking. Like property, whole life insurance can be borrowed against and can help improve credit. In general, however, it is not considered practical.


How to Save on Life Insurance?

Life insurance is typically obtained in order to provide monetary security for the family when an individual passes on. The most critical time period is the years parents spend raising their children. Once the kids go to college, the need for life insurance is not as imperative. Whole or term life insurance are the main types of life insurance available. By choosing term life insurance for a set number of years instead of whole life insurance, hundreds of dollars could be saved. The critical period would be covered, giving parents peace of mind.


What are the characteristics of variable life insurance?

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What are the benefits of universal life insurance?

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What is the main objectives of taking out a life insurance policy?

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What's the best life insurance premium?

There are several different types of life insurance, so it is important to know the three different main types and decide which is best for you and your needs. You can visit http://www.smartmoney.com/plan/insurance/which-life-insurance-is-best-16975/ for specific pros and cons.


What is term insurance plans?

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