Term and Permanent life insurance.
What is the difference between term life insurance and permanent life insurance?
Term life insurance is an insurance product to protect you for a sey period of time. If you died within the insured period the sum assured will be paid to your named beneficiary. The term can be any length of time in years and can be renewed before the policy expires.
Permanent Life Insurance offers lifetime insurance protection and will not expire after you have paid all of the policies payments. Permanent life policies is like a savings or an investment component attached with the insurance coverage itself .
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