Is Life Insurance For Life?
16470 POINTSview profileDavid OsgoodAgent, Rural Mutual Insurance Co., Union Grove, WIThere are two basic types of life insurance. The first is whole (sometimes called permanent)life insurance which will remain in effect until the insured death as long as the premium and other requirments of the policy have been met. The other type of policy is term (sometimes called temporary) life insurance this type of policy is established for a set period of time; typically ten, twenty or thirty years. Call a local agent to discuss any other questions that you may have.Answered on August 14, 2013flag this answer.JPG)
63333 POINTSview profilePeggy MaceMost of the U.S.Life insurance is for life if it is a permanent policy, or if the insured person dies before the term policy ends. Since no one knows when they will pass away, the only way to be assured of having life insurance for life is to get a permanent life insurance policy.Answered on September 2, 2013flag this answer
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