Insurance Direct
17W724 Butterfield Rd, Oakbrook Terrace, IL 60181
WHAT ARE THE PRINCIPAL TYPES OF LIFE INSURANCE?
There are two major types of life insuranceĆ¢??term and whole life. Whole life is sometimes called permanent life insurance, and it encompasses several subcategories, including traditional whole life, universal life, variable life and variable universal life. In 2016, about 4.3 million individual life insurance policies bought were term and about 6.4 million were whole life, according to the American Council of Life Insurers.
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