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There are four primary different types of life insurance, term, whole life, universal life and variable life....

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Finance

There are four primarydifferent types of life insurance, term, whole life, universal lifeand variable life. Identify the primary characteristics of each andwhy someone might choose each type.

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Term life insurance In this type of insurance the insured pays a premium for a set term and at the end of the term the policy also ceases If the insured passes away in between the end of the tenure the sum insured is given    See Answer
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There are four primarydifferent types of life insurance, term, whole life, universal lifeand variable life. Identify the primary characteristics of each andwhy someone might choose each type.

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