Don't leave everything to chance; keep yourself protected with an insurance
There are four primary types of life insurance, and each has a place in any sound financial plan. The four variations of life insurance are:
Term Life Insuranceย โ fixed premiums for a fixed period of time, like 10 or 20 years
Whole Life Insuranceย โ permanent insurance, as long as premiums are paid, with fixed premiums and cash value benefits
Universal Life Insurance โย permanent insurance with options to change premiums and death benefits
Variable Life Insurance โย similar to Universal Life but with the flexibility to choose investment risks to maximize cash value benefit