Life Insurance Explained
When it comes to life insurance, there are many choices. Whole life. Variable universal life. Term. What do these descriptions really mean?
All life insurance policies have two things in common. They guarantee to pay a death benefit to a designated beneficiary after a policyholder dies (although, the guarantee may be waived if the death is a suicide occurring within two years of the policy purchase). All require recurring payments (premiums) to keep the policy in force. B
