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June 12th, 2008

cheap term life

Posted in Business, Finance, General

Whole life insurance, also called permanent insurance, is permanent and does not expire (assuming you continue to pay the premiums). It provides coverage similar to term life insurance, but it also provides an investment vehicle. A portion of the premium goes for life insurance, while the rest goes into an investment account. This account can be either an interest bearing account or a variable (stocks and bonds) investment account.

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One comment to " cheap term life "

  1. » cheap term life says:

    [...] Financial Gorge wrote an interesting post today onHere’s a quick excerpt Whole life insurance, also called permanent insurance, is permanent and does not expire (assuming you continue to pay the premiums). It provides coverage similar to term life insurance, but it also provides an investment vehicle. A portion of the premium goes for life insurance, while the rest goes into an investment account. This account can be either an interest bearing account or a variable (stocks and bonds) investment account. [...]

    June 12th, 2008 at 4:36 pm