Life insurance is of two types: term and permanant.The permanent life insurance ibis the insurance that carries on for the entire lifetime of an individual. The permanent life insurance combines a death benefit with a savings portion. The savings portion creates a cash value and against this cash value the person can borrow money or withdraw the money to meet future goals. The two main types of Permanent Life Insurance Policy are the whole and universal life insurance policies. The premium of permanent life insurance policy must be paid on time. Most of the permanent life insurance policies give a savings or investment part with the insurance coverage
Permanent Life Insurance Policy
May 30th, 2008 | Business