We will be looking at the pros and cons of life insurance investment and how life insurance work the idea of life insurance is to provide financial support against the untimely death of the insured. On the other hand, one must pay premiums so that the policy remains active.
There are two types of life insurance:
Term life insurance
Permanent life insurance
Term life insurance
The first type is term life insurance as its name suggests this cover offers protection against the death of the insured for a certain period called a term. The term is usually between 10 and 30 years usually they’re the less expensive option.
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