INSURANCE Questions and Answers

What is thedifferent type of Life Insurance?

There are two type of life insurance

a)      Term Life Insurance  :

Term life Insurance is a type of life Insurance, which provides coverage for fixed rate of premium for a limited period of time.  Term Insurance can cover you for the term of one or two years.

b)      Permanent Life Insurance:

Permanent Life Insurance coversan individual for the whole life; people take permanent life insurance about 25-30 years normally.  The premiums are slightly higher than Term Life Insurance.