Life Insurance
There are many kinds of life insurance, but they generally fall into three categories: Term Life Insurance, Whole Life Insurance and Universal Life Insurance. It may all sound confusing, however, this is where Lizzy’s customer service and customer satisfaction steps in to ensure that you receive the product you need and want with clarification.
Term life insurance
Term life insurance is designed to provide financial protection for a specific period of time, such as 10 years, 20 years, etc. With term insurance, the premium payment amount stays the same for the coverage period you select. After that period, policies may offer continued coverage, usually at a substantially higher premium payment rate. Term life insurance is substantially less expensive than permanent life insurance.
Term life insurance
Term life insurance is designed to provide financial protection for a specific period of time, such as 10 years, 20 years, etc. With term insurance, the premium payment amount stays the same for the coverage period you select. After that period, policies may offer continued coverage, usually at a substantially higher premium payment rate. Term life insurance is substantially less expensive than permanent life insurance.
