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Whole life insurance pays death if you die, there is no specific term. Regardless of whether you are in a year or if you are 90 years old, a whole life insurance can be. There are many types of life insurance, This is sometimes called permanent life insurance, they consist of traditional life, universal / Adjustable Life, Variable Universal Life and Variable Life.

Traditional whole life
This type of insurance has no specific term and will continue for as long as you continue to pay your premiums. Traditional whole life is usually an insurance policy, which means that the cost of the premium does not change throughout the lifetime of the policy is not the death benefit change. Traditional whole life is a simple life insurance.

Universal / Adjustable Life
Universal / Adjustable life insurance is very similar to the traditional life, but offers more flexibility. For example, it is usually easy to make your death benefit, and it is usually a savings vehicle, a so-called cash-value account (savings account) which earns interest, and in some cases, you can lower your premiums .

Variable Life
Variable life insurance with a death and a cash-value account that you can make investments with. For example, the premiums paid on your cash value account to invest in stocks, bonds, etc. If the investment good, your death benefit. However, there are risks and poor choice of investment products, your death benefit instead.

Variable / Universal Life
Variable universal life insurance products are variable and universal products in one, you have a cash value account where the investments. You can also use your death (or lower if investment is not bad) and lower your fees (or increase if investment is not bad).

If you think about purchasing a whole life or permanent life product, make sure you do a lot of research before purchasing a product. There are many products entire life, and some can be beneficial to your specific needs.

It is important to note that whole life / permanent insurance differs from term life, life in this term only for you and pay for death for a certain period (time). Most term life insurance does not offer many features. Whole life insurance policies are usually much more feature rich than the concept of products.

Connie Barker is the owner of several websites, including financial services, which deal with Whole Life Insurance