Tag: Universal Life Insurance

When Should You Switch from Temporary to Permanent Life Insurance?

When Should You Switch from Temporary to Permanent Life Insurance?

Two different kinds of policies with very different applications. Before I jump into explaining when you require each one, let me start by explaining the structure of each of these policy types.  Term Life Insurance Policies  Temporary life insurance is the terminology used for Term Life Insurance policies. The reason it is called ‘temporary’ is the policy usually ends at a pre-planned date. For example, if you decide you’re going to buy a Term Insurance policy today for a period of 20…

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