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Term Life Insurance
life insurance that pays a benefit in the event of the death of the insured during a specified term.
Whole Life Insurance
life insurance that pays a benefit on the death of the insured and also accumulates a cash value.
Guaranteed Issue Life Insurance
Policy that provides cash benefits to a beneficiary upon the death of the person who's insured. The insurance company can offer it to anyone.
Accidental Death Insurance
Any death due to an accident with some exclusions such as war, illegal activities, regular dangerous activates.
Types of Life Insurance
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