erm Life– Life Insurance that pays a benefit in the event of the insured’s death during a specified term (time). 10 to 30 year term policies.
G uaranteed Level Term Life Insurance– Guarantees the premium to stay the same throughout the term (time) 10-30 year term
-Standard of living
-Pay off debts
W hole Life– Life insurance that pays a benefit in the event of the insured’s death and can also accumulate cash value. (Most Expensive)
F inal Expense- Life Insurance policy that ensures a person’s final expenses is paid.