Wednesday, June 10, 2015

What is Lifetime Life Insurance?


Lifetime life insurance is life insurance that provides protection for your entire lifetime.

Whole life insurance, also known as, permanent life insurance provides guaranteed lifetime life insurance protection as long as your premiums are paid on time.

Whole life insurance lasts your entire lifetime and builds up cash value inside your policy over time from which you may take a loan if needed.

The other type of life insurance is term life insurance which provides temporary life insurance for a specific number of years. Most term life policies offer coverage for 10, 15, 20 or 30 years. It is pure protection, there is no cash value inside the policy, just life insurance protection.

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