Types of Life Insurance
2) Permanent Life Insurance: Continued ....
It pays a death benefit to the recipient you name and presents you a low risk cash value account and tax-deferred cash accumulation. It presents a fixed premium, which cannot rise during your life as long as you carry on to pay the intended amount. It permits the insurance company to wholly deal with the cash value account in your policy. It offers you the choice to get dividends from your policy or apply them to decrease payments and it proposes you the right to withdraw from the policy throughout your lifetime.
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