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Term life insurance
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Permanent life insurance |
What does it provide? |
Temporary protection |
Long-term protection |
How can it help? |
- Replace lost income
- Cover debt and funeral expenses
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- Replace lost income
- Cover debt and funeral expenses
- Build wealth
- Estate planning
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What’s the cost? |
Typically the most affordable type of insurance |
Usually more expensive than term life insurance |
Investment options |
No |
Yes |
Benefits |
- You choose who receives a tax-free one-time payment when you die
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- You choose who receives a tax-free one-time payment when you die
- Build wealth inside your policy, within limits, that you can access during your life
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