AFG Insurance LLC
AFG Insurance LLC
1188 S Broad St
Brooksville, FL 34601
Phone:352-848-0906
Life Insurance - What are the principal types of life insurance?
There are two major types of life insurance—term and whole life. Whole life is sometimes called permanent life insurance, and it encompasses several subcategories, including traditional whole life, universal life, variable life and variable universal life. In 2003, about 6.4 million individual life insurance policies bought were term and about 7.1 million were whole life.
Life insurance products for groups are different from life insurance sold to individuals. The information below focuses on life insurance sold to individuals.
Term Insurance
There are several different types of term insurance you can consider:
* Renewable Term Insurance
* Convertible Term Insurance
* Level Term Insurance
* Decreasing Term Insurance
* Increasing Term Insurance
© AFG Insurance, 2008
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