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The 4 Types of Life Insurance
Life insurance is one of the most common employer-provided benefits. This covers the basics of life insurance and the different types employers can offer to employees. Types of Life Insurance Life insurance is divided into two categories: term and permanent (also sometimes referred to as whole). 1. Term life insurance Term life insurance has a specified coverage period (term), but can usually be renewed or converted into a permanent policy at the end of the term. 2. Whole life insurance…