The "New" life insurance policies
Abstract
"Life insurance exists in two basic forms. The first is TERM. This is a form of pure protection. Choosing a term policy is synonymous with making an insurance company just that - solely an insurer against the risk of financial loss in case of death. The other basic form of life insurance is WHOLE LIFE. It combines savings with protection. When purchasing whole life, the insured decides to make the insurance company both a savings bank and insurer against the risk of death."--First paragraph.
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