Types of Life Insurance
http://insureme.us/types-life-insurance/
Life Insurance is a security we pay for in the event of death due to critical or terminal illness. The insured pays a premium to the company, in payments that have been agreed upon by both parties. Life insurance falls into two major categories, which are protection policies and investment policies.
Term Life Insurance. Term life is a type of insurance where the beneficiaries get paid the insured amount only when the insurer dies within the specified time covered by the policy.
Permanent Insurance. This is a type of insurance, which remains en force throughout the person’s lifetime until the policy matures.
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