Three Main Types of Permanent Life Insurance
There are many types of permanent life insurance, but there are three main types: whole, universal, and variable. Each type offers slightly different financial benefits and each can help you achieve different goals in life. If you’re looking to buy life insurance, it’s important to understand these differences so that you choose the right type of policy to fulfil your needs and wants. Understanding life insurance Life insurance is an insurance product that helps replace your income if you die before a particular date, Life insurance policies are designed to protect individuals and their dependents. There are three main types of permanent life insurance: whole, universal, and variable. This three-part series will provide information on these different life insurance policies and help you understand which is best for your situation. Life insurance can be complicated but it doesn’t have to be. At LMS Financial Services we offer affordable life insurance solutions in Brampton and Mississau