Life Insurance Is A Must For Every Family

No matter what is your age, we all need to have insurance. Insurance helps us to save our money and to pay for our funeral expenses when we are no more on earth. It is the most important thing in our life. So, here we are going to discuss about the different types of life insurance.

Term Insurance

This type of life insurance is very popular among the people as it gives the money only in case of death. The term insurance covers the period of 2 to 20 years.

Whole Life Insurance

This type of insurance is also known as permanent insurance. This type of insurance covers the period of your whole life and you don’t have to pay any premium. So, this type of insurance is very useful for the people who want to save their money.

Universal Life Insurance

This type of insurance is also known as ULIP. In this type of insurance, the premium is fixed and is payable annually.

Critical Illness Insurance

This type of insurance is helpful for the people who are suffering from a critical illness. In this type of insurance, the premium will be deducted from the policyholder’s account if the policyholder suffers from a critical illness.

Conclusion:

So, these are the different types of life insurance that you can choose from. You should take the help of the professional advisors and compare the different types of insurance policies.