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    There are many different types of life insurance plans available. Most people are familiar with term life insurance that pays the policy amount in the event of the insured’s death. Term insurance policies often have a premium guaranteed not to increase for a fixed number of years, for example 10 or 20 years. Whole life policies are designed as a permanent plan that a person could own for their lifetime. The
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    familiar with term life insurance that pays the policy amount in the event of the insured’s death. Term insurance policies often have a premium guaranteed not to increase for a fixed number of years, for example 10 or 20 years. Whole life policies are designed as a permanent plan that a person could own for their lifetime. The
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    insured’s death. Term insurance policies often have a premium guaranteed not to increase for a fixed number of years, for example 10 or 20 years. Whole life policies are designed as a permanent plan that a person could own for their lifetime. The
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    crease for a fixed number of years, for example 10 or 20 years. Whole life policies are designed as a permanent plan that a person could own for their lifetime. The
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    s are designed as a permanent plan that a person could own for their lifetime. These policies build cash value in addition to the death benefit. The cash value can be borrowed against, and in some cases withdrawn.

    A disadvantage of these two types of insurance is that the customer’s insurance needs could change over time. Then their policy may not fit current needs. For example if policy owner has a c

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