Insurance Level Life Quote Term
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Term life insurance - Term life insurance is the original form of life insurance and is considered to be pure insurance protection because it builds no cash value. This is in contrast to permanent life insurance such as whole life, universal life, and variable universal life.
Whole life insurance - Whole life insurance provides for a level premium, and a cash value table included in the policy guaranteed by the company. The primary advantages of whole life are guaranteed death benefit, guaranteed cash values, fixed and known annual premiums, and the fact that mortality and expense charges will not reduce the cash value shown in the policy.
Buy term and invest the difference - Buy term and invest the difference is a concept in insurance and personal finance that grants the insured more flexibility in investing their money than permanent life insurance. Because Term life insurance is usually inexpensive in the short term compared to all forms of permanent life, the insured can purchase the necessary coverage and invest the savings as they choose.
Long term care insurance - Long-term care insurance, an insurance product sold through a licensed insurance agent (one who represents the insurance company) or an insurance broker (one who represents the policyowner) in the United States, helps provide for the cost of long-term care beyond a pre-determined period.
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