Life Insurance
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Life Insurance:
To obtain a life insurance is an important decision for both you and your family. There are many reasons why life insurance policies or annuity contracts are purchased. Your decision to purchase should be based upon your financial planning needs. Some of the factors you should consider are your marital status, number of dependents and cost for their support, future education needs, current and anticipated family income, and your current assets and debt obligations all play a role in determining the amount and type of life insurance that is right for you and your family. Some of the most common life contracts are:
- Term Life Insurance.
- Whole Life Insurance.
- Universal Life Insurance.
- Variable Life Insurance.
- Variable Universal Life Insurance.