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Life Insurance
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Whole Life InsuranceAs the name implies, whole life insurance is designed to cover an individual or couple for the entire life of the insured.
The premium costs of whole life insurance policies are higher than term life but the policies typically build cash value over the years. The cash value can be used to cover large emergency expenses or create a retirement income stream. There are several different types of whole life insurance policies. Some have variable premiums and some invest your cash value in securities so the value increases and decreases with the stock market. You can learn more about different types of policies by speaking with your advisor or visit informational websites like LifeHappens.org. |
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