Basically, there are two types of Life insurance: Permanent and Term. Permanent Life insurance covers you for your entire life and pays the death benefit after you pass away. Term Life insurance covers only a part or a term of your life and pays the death benefit only if you die within the designated period of time.
Permanent Life insurance includes Whole Life and Universal Life.
Whole Life insurance is a risk free lifetime policy. This type of coverage is for someone, who wants to have a set aside cash value account, tax benefits, fixed mortality and expense costs. For more information, please call 1(888) Slavsky