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Subjects>People & Society>Death and Dying

What is the difference between term and permanent life insurance?

Anonymous

∙ 11y ago

Updated: 9/28/2023

Term life insurance if only for the life of the coverage holder, once deceased the amount is paid to the beneficiary. Permanent life insurance, known as whole life insurance, combines term life insurance with an investment option.

Wiki User

∙ 11y ago

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