I Would like to Know What is permanent life insurance?

  • This is a basic life insurance and compensation is paid to your beneficiary in the event of his death. As usual, it costs a few dollars a month and out of your paycheck if you are employed.
  • Permanent means that you can keep for as long as you stay alive and can afford to pay for it. If you continue to pay premiums until death, then pay when you die.
  • This is different from term insurance, which only lasts a certain number of years, if not die in that time, the policy ends or raise rates.

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