Financial Literacy – What’s Included With a Permanent Life Insurance Policy?
What's included with a permanent life insurance policy?
Here are the similarities and differences between permanent life insurance vs term:
The similarities is that both permanent life insurance and term offers a death benefit.
The differences is that for permanent life insurance…
It’s kept for life.
It costs more
Permanent life insurance is coverage for life vs. term which covers a term.
It ADDS LONG TERM CARE
It has flexible premiums.
It has TAX FREE CASH ACCESS.
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