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Understanding Cash Value Whole Life Insurance

Cash value whole life insurance is a type of permanent life insurance that not only provides a death benefit to your beneficiaries but also includes a savings component. This guide will help you understand how cash value whole life insurance works, its benefits, and how it compares to other types of insurance.

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Understanding Whole Life Insurance

Whole life insurance is a type of life insurance policy that provides coverage for the insured's entire life, as long as premiums are paid. It includes both a death benefit and a savings component known as the cash value. This guide will explain what whole life insurance is, how it works, and its benefits.

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Understanding Term Life Insurance: A Simple Guide

Term life insurance is a type of insurance policy that provides coverage for a specific period, or "term," usually 10, 20, or 30 years. If the policyholder dies during this term, their beneficiaries receive a death benefit. If the policyholder outlives the term, the coverage ends unless they renew it or convert it to a different type of policy.

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