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There are several types of life insurance that can be sold, including term life insurance, whole life insurance, universal life insurance, and variable life insurance. Term life provides coverage for a specific period, while whole life offers lifelong coverage with a cash value component. Universal life allows for flexible premiums and death benefits, and variable life includes investment options that can affect the cash value and death benefit. Each type serves different financial needs and goals.

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1w ago

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What kind of questions and answers can be found on the Term Life Insurance FAQ?

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The type of life insurance that is more than often used as mortgage insurance is known as decreasing term.


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What government agency regulates life insurance companies?

The Department of Insurance; they regulate all insurance bought or sold in the state.


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