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    d in some cases can lower your premiums.

    Variable Life Variable life insurance includes a death benefit and a cash value account that you can make investments with. For instance, you can use the premiums that are in your cash value account to make investments in s

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    Whole life insurance pays a death benefit when you die, there is no specific term. Whether you die in one year or when you are 90 years old a whole life insurance product will cover you. There are many types of whole life insurance, which is sometimes called permanent life insurance; they consist of Traditional Life, Universal/Adjustable Life, Variable Life and Universal/Variable Life.

    Traditional Whole Life This type of insurance has no specific term and will continue as long as you continue to pay your premiums. Traditional whole life is usually a level insurance product, meaning that the costs of the premium do not change throughout the life of the policy nor does the death benefit change. Traditional whole life is a simple whole life insurance product.

    Universal/Adjustable Life Universal/Adjustable life insurance is very similar to Traditional Life, but offers more flexibility. For instance, it is generally easy to increase your death benefit and there is usually a savings vehicle, called a cash value account (savings account), that earns interest and in some cases can lower your premiums.

    Variable Life Variable life insurance includes a death benefit and a cash value account that you can make investments with. For instance, you can use the premiums that are in your cash value account to make investments in st

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    fe insurance; they consist of Traditional Life, Universal/Adjustable Life, Variable Life and Universal/Variable Life.

    Traditional Whole Life This type of insurance has no specific term and will continue as long as you continue to pay your premiums. Traditional whole life is usually a level insurance product, meaning that the costs of the premium do not change throughout the life of the policy nor does the death benefit change. Traditional whole life is a simple whole life insurance product.

    Universal/Adjustable Life Universal/Adjustable life insurance is very similar to Traditional Life, but offers more flexibility. For instance, it is generally easy to increase your death benefit and there is usually a savings vehicle, called a cash value account (savings account), that earns interest and in some cases can lower your premiums.

    Variable Life Variable life insurance includes a death benefit and a cash value account that you can make investments with. For instance, you can use the premiums that are in your cash value account to make investments in s

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    le life is usually a level insurance product, meaning that the costs of the premium do not change throughout the life of the policy nor does the death benefit change. Traditional whole life is a simple whole life insurance product.

    Universal/Adjustable Life Universal/Adjustable life insurance is very similar to Traditional Life, but offers more flexibility. For instance, it is generally easy to increase your death benefit and there is usually a savings vehicle, called a cash value account (savings account), that earns interest and in some cases can lower your premiums.

    Variable Life Variable life insurance includes a death benefit and a cash value account that you can make investments with. For instance, you can use the premiums that are in your cash value account to make investments in s

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    sal/Adjustable life insurance is very similar to Traditional Life, but offers more flexibility. For instance, it is generally easy to increase your death benefit and there is usually a savings vehicle, called a cash value account (savings account), that earns interest and in some cases can lower your premiums.

    Variable Life Variable life insurance includes a death benefit and a cash value account that you can make investments with. For instance, you can use the premiums that are in your cash value account to make investments in s

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    d in some cases can lower your premiums.

    Variable Life Variable life insurance includes a death benefit and a cash value account that you can make investments with. For instance, you can use the premiums that are in your cash value account to make investments in stocks, bonds, etc. If the investments do well, you can increase your death benefit. However, there is risk involved and poor investment choices may lower your death benefit instead.

    Variable/Universal Life Variable/Universal life insurance are both Variable and Universal products rolled into one, you have a cash value account in which you can make investments from. You can also increase your death benefits (or lower them if investments do poorly) and lower your premiums (or raise them if investments do poorly).

    If you are thinking about purchasing a whole life or permanent life product, make sure you do a lot of research before purchasing a product. There are many whole life products and some can be more advantageous to your specific needs.

    It is important to note that Whole Life/Permanent insurance differs from Term life, in that term life only covers you and pays a death benefit for a specific term (time period). Most term life insurance products do not offer many features. Whole life insurance products are usually much more feature rich than ter

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