Th

at'
sag
rea
tto
pic
.Li
fei
nsu
ranc
eisac
ruc
ial
fi
nanc
ial
too
lde
si
gne
dtop
rov
ideaf
ina
nci
als
afe
tyne
tfo
ryo
url
ove
done
s.

He
rei
sano
ver
vie
wof
keyl
i
fei
nsu
ranc
ekno
wle
dge
,inc
lud
ingwh
ati
ti
s,h
owi
two
rks
,th
ema
int
ype
s,a
ndi
tsb
ene
fi
ts
:

WhatisLi
feIns
uranc
e
Li
fei
nsu
ranceisacon
tra
ctb
etwe
ena
nin
sur
anc
epo
li
cyh
old
era
nda
nin
sur
er.
Ine
xch
ang
efo
rpr
emi
ump
ayme
nts(
reg
ula
rors
ing
le)
,th
ein
sur
erp
romi
se
stop
ayal
umps
umo
fmo
ney
,kno
wna
sad
eat
hbe
nef
it
,t
ode
si
gna
tedb
ene
fi
ci
ar
ie
sup
ont
hed
eat
hof
thei
nsu
redp
ers
on.

P
oli
cyOwne
r/Ho
lde
r:Th
epe
rso
nwh
obu
yst
hep
oli
cya
ndp
ayst
hep
remi
ums
.

I
nsu
red
:Th
epe
rso
nwh
osel
i
fei
sco
ver
edb
yth
epo
li
cy.

Be
nef
ic
iar
y:Th
epe
rso
nore
nti
tywh
ore
cei
vest
hed
eat
hbe
nef
itp
ayo
ut.

Pr
emi
um:
Thef
ix
edp
ayme
ntr
equ
ire
dtok
eept
hep
oli
cya
cti
ve.

De
athBe
nef
it
:Th
elu
mps
umo
fmo
neyp
aidt
oth
ebe
nef
ic
iar
ie
s,wh
ichi
sge
ner
al
lyt
ax-
fr
eei
nma
nyj
uri
sdi
ct
io
ns.

KeyType
so f
LifeI
nsur
ance
Li
fei
nsu
rancegener
al
lyf
all
sin
tot
woma
inc
ate
gor
ie
s:T
erma
ndP
erma
nen
t.

1.
TermLi
feI
nsu
ranc
e
Dura
ti
on:
Pro
vid
escov
era
gef
oras
pec
if
icp
eri
odo
fti
me(
the"
te
rm"
),t
ypi
cal
l
y10
,20
,or3
0ye
ars
.

Pa
you
t:Onl
ypa
yst
hed
eat
hbe
nef
iti
fth
ein
sur
edd
iesd
uri
ngt
hes
pec
if
ie
dte
rm.
Ift
het
erme
xpi
re
s,t
hec
ove
rag
eend
s,a
ndt
her
eisnop
ayo
ut.

Ca
shVa
lue
:Do
esno
tbu
il
dca
shv
alu
eorh
aveas
avi
ngs
/i
nve
stme
ntc
omp
one
nt.

Co
st:
Gene
ral
l
yth
emo
sta
ff
ord
abl
ety
peo
fli
fei
nsu
ranc
ebe
cau
sei
ti
spu
rep
rot
ect
io
n.

Be
stf
or:
Cov
eri
ngt
emp
ora
ryf
ina
nci
alne
edsl
i
kemo
rtg
age
s,c
hil
dre
n'se
duc
ati
on,
ori
nco
mer
epl
ace
men
tdu
ringwo
rki
ngy
ear
s.

2.
Permanen
tLi
feIn
suranc
e
Dura
ti
on:Pr
ovi
descov
erag
efo
rth
een
tir
eli
fe
ti
meo
fth
ein
sur
ed,
asl
onga
spr
emi
umsa
rep
aid
.

Pa
you
t:Pa
yst
hed
eat
hbe
nef
itr
ega
rdl
es
sof
whe
nth
ein
sur
edd
ies(
asl
onga
sth
epo
li
cyi
sinf
orc
e).

Ca
shVa
lue
:Inc
lud
esas
avi
ngsc
omp
one
ntc
all
edc
ashv
alu
eth
atg
rowso
vert
imeo
nat
ax-
def
err
edb
asi
[Link]
epo
li
cyh
old
erma
ybea
blet
obo
rro
wag
ain
sto
rwi
thd
rawf
romt
hisc
ashv
alu
e.

Co
st:
Sig
nif
ic
ant
lymo
ree
xpe
nsi
vet
hanT
erml
i
fei
nsu
ranc
e.

Be
stf
or:
Long
-te
rmf
ina
nci
alp
lanni
ng,
wea
lt
htr
ans
fer
,orl
eav
inga
ninh
eri
ta
nce
.

Co
mmo nSub-
typ
esofPe
rmane
ntLi
feIns
ura
nce
:
Whol
eLif
e:Pr
emiums
,dea
thbe
nef
it
,andcas
hval
ueg
rowt
har
eus
ual
l
ygu
ara
nte
eda
ndf
ix
ed.

Uni
ver
sal
Lif
e(UL)
:Of
fe
rsf
le
xib
lep
remi
umsa
nda
nad
jus
tab
led
eat
hbe
nef
it
,wi
thac
ashv
alu
eco
mpo
nen
t.

Va
ri
abl
eLi
fe
/Ind
exe
dUni
ver
sal
Lif
e(I
UL)
:Th
eca
shv
alu
egr
owt
hist
ie
dtot
hep
erf
orma
nceo
fanu
nde
rl
yi
ngi
nve
stme
ntp
ort
fol
i
oorma
rke
tind
ex,
off
eri
ngh
igh
erp
ote
nti
alr
etu
rnsb
uta
ls
ohi
ghe
rri
sk.