Whole life insurance
policies
Review these insurance
documents carefully
Whole life insurance polices
Whole life insurance combines a term
policy with an investment component. The investment could be in
bonds and money-market instruments or stocks. The policy builds
cash value that you can borrow against. The three most common
types of whole life insurance are traditional whole life
policies, universal and variable. With both whole life and term,
you can lock in the same monthly payment over the life of the
policy. For most people term life is a better option.
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