LIFE INSURANCE POLICY TYPES

Life insurance policies come in various types, each tailored to meet different financial and personal needs. Term Life Insurance offers the choice of Level Term, with fixed premiums and coverage, or Decreasing Term, where coverage reduces over time.

Universal Life Insurance provides flexibility through Guaranteed Universal, allowing adaptable premium payments with a minimum interest rate, and Indexed Universal, which links cash value to an equity index.

Adjustable Life Insurance includes options like Variable Universal, a blend of life insurance and investments, and Survivorship, covering two lives and paying out after both pass.

Variable Life Insurance offers Equity-Indexed Universal, where cash value is linked to the stock market.

Finally, Whole Life Insurance encompasses Traditional Whole Life, with fixed premiums, guaranteed benefits, and cash value growth, as well as Limited Payment Whole Life, where premiums are paid for a set time, ensuring lifetime coverage. It's crucial to evaluate individual circumstances and consult with an insurance professional to choose the most suitable option.

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