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What are the 3 types of life insurance?

Asked by Pchinna, Last updated: Mar 14, 2024

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2 Answers

Thomas Ben

Thomas Ben

Life Insurance Adviser who can connect the policy seekers with the right insurance providers. https://www.swiftlifeinsurance.co.uk

Thomas Ben
Thomas Ben, Financial & Insurance Adviser, Higher Education, united kingdom

Answered Oct 19, 2019

The initial premium for term insurance is lower than the initial premium for whole life insurance.

Term life insurance is for a fixed period and the premium will be fixed. Whole of life insurance is the policy for whole life, and the premium may varies.

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John Smith

John Smith

John Smith
John Smith

Answered Jul 17, 2017

The initial premium for term insurance is lower than the initial premium for whole life insurance
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