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What are the most common types of life insurance and what are their benefits?

April 26, 2017Benefits common Life Insurance types

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What are the most common types of life insurance and what are their benefits?

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Term life is the cheapest. It is used to provide a specific amount of coverage for a specific amount of time. One way to look at term is that you “rent” the coverage that is provided for a specified period of time until it is no longer needed. Term is the cheapest because it has no cash value.