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In a very broad sense, there are two types of life insurance: permanent life insurance and term life insurance. Permanent life insurance is a type of life insurance that can stay in force for your entire life, as long as you pay your premiums in full....

Final expense life insurance is more popular amount seniors because of its affordable price, smaller benefit amounts, and emphasis on covering funeral. Traditional life insurance policies such as term insurance are primarily intended to replace any income lost when a loved one dies or use it...

Decreasing term insurance is renewable term life insurance with coverage decreasing over the life of the policy at a predetermined rate. Premiums are usually constant throughout the contract, and reductions in coverage typically occur monthly or annually. Terms range between 1 year and 30 years and Mafo &...

Offers: Guaranteed death benefit for a fixed period Fixed premium No cash value Coverage is for a certain period of time (term), usually for a specified number of years or to a specific age of the insured. Initial premiums tend to be lower but will eventually...