Individual life insurance is primarily designed to protect against the financial loss that the death of a loved one or business partner can
create. Life insurance provides a death benefit that can provide much needed income to help support your family, your business, or to
send your children to college. Additionally, life insurance offers some tax advantages.
Permanent Life or Term Life?
There are two types of individual life insurance: permanent life insurance and term life insurance. Both permanent and term life
insurance offer an income tax free death benefit to the beneficiary(ies). However, there are several general differences:
Permanent Life Insurance
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