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Term life insurance is the cheapest, most appropriate, and best type of life insurance for the vast majority of Americans. Whole life insurance is the other type of life insurance with a cash component that can be used to build wealth in a tax-deferred manner. I've personally got a $1 ...
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Term Insurance –Life insurance that provides coverage for a set amount of years. If the policyholder dies within the specified “term”, the beneficiaries can claim a death benefit. Permanent Life Insurance –Life insurance that provides coverage for the entire lifetime of the policyholder. Permane...