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Whole life insurance (also referred to as permanent life insurance) refers to life insurance policies that are meant to last until death and have an investment aspect.
Term life insurance is life insurance that provides coverage at a fixed rate of payments for a limited period of time, the relevant term. There are several types of term policies based on your needs.
Indexed universal life is a type of universal life insurance product that offers a death benefit coupled with a cash value account that can be used to pay policy premiums or take withdrawals and loans.
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