Term and whole life insurance are the two most common types of life insurance.Traditional whole life, universal life, variable life, and variable universal life are examples of subclasses of whole life insurance.According to the American Council of Life Insurers, 4.0 million individual life insurance policies were purchased in 2018 and 5.9 million were purchased in 2017. Individually sold life insurance is not the same as group life insurance.Individual life insurance is the topic of the following material. Term The simplest form of life insurance is term insurance.It only pays out…
Read More