| We live in uncertain times, and it's essential that | | | | implies, they may be "cashed out" down the road |
| parents protect their loved ones in case of | | | | and you will receive any amount you paid in over |
| catastrophe. Even if you are a healthy person, | | | | and above your basic premiums back, plus |
| you never know when a car accident or sudden | | | | interest. However, that amount is fully taxable |
| illness may strike, possibly ending your life. You | | | | upon receipt. Whole, universal, and variable all vary |
| simply do not want to leave your family in the | | | | slightly from one another, so check with an agent |
| lurch and struggling for money, and having a life | | | | to see which might be right for you. |
| insurance policy could make a real difference in | | | | Term Policies |
| helping those left behind to move on. Here are | | | | Term policies insure a policy holder for a |
| some of the basics about the different types of | | | | pre-determined set "term" of time. Premiums are |
| life insurance policies available on the market. | | | | generally much lower for term policies and they |
| Cash Policies | | | | do not require a physical exam. One of the |
| There are three basic types of life insurance that | | | | drawbacks of a term policy in the past is that the |
| will pay a set benefit whether you pass away | | | | premiums increased over time: nowadays, that is |
| tomorrow or as a centenarian! They are: whole | | | | not always the case; so make sure to shop |
| life, universal life, and variable life. The main | | | | around to get the best value. |
| advantage of cash policies is that, as their name | | | | |