Three Types of Major Life Insurance Policy
Here is an explanation of the three types of major life insurance policy.
- Term Life Insurance (Term Life Insurance) provides a death benefit if the insured dies within a specified period.
- Whole-Life Insurance (Life Insurance) provides coverage for life insurance for the insured and also has a savings element.
- Endowment Insurance (Life Insurance Dwiguna) provide policy benefits are paid at the insured dies or on a specified date if the insured is still alive until that date.