Long term
life insurance is what is called cash value life insurance. A
long term life insurance policy provides a death benefit, and it
accumulates cash value. The cash value of your long term life
insurance can be used to pay future premiums or serve as a form of
savings. Note: the cash value is available to the insured
through policy loans and such, but this action will reduce the death
benefit. This type of life insurance policy is generally designed to
provide long term life insurance coverage, typically for the
insured's life span. Of course, long term life insurance is
more costly than short term life insurance, but offers a cash value
feature and long term protection. The life insurance policy
you select will depend upon affordability and the type of coverage
you desire. Compare free, competitive quotes before you buy a
long term life insurance policy.
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