Question

Understand the different types of life insurances. i need help now please

Answer 1

There are two basic types of term life insurance policies—level term and decreasing term.

•Level term means that the death benefit stays the same throughout the duration of the policy.

•Decreasing term means that the death benefit drops, usually in one-year increments, over the course of the policy's term.

Answer 2

plan that earns tax-deferred interest income and has high risk - index universal life

plan that builds wealth and pays a death benefit - guarantee universal life

plan that covers a family while the person is employed - term life

plan that covers someone for his or her entire life - whole life