ESTATE PLANNING PROBATE NEWSLETTER

Your Estate Plan: Life Insurance Considerations, continued

Permanent Life Insurance
Permanent life insurance is not quite as simple. Permanent life insurance has many variations, because in addition to the benefit payable upon your death, there is also a build up of cash value. Generally, the features of permanent life insurance include:

Long-term coverage

More expensive than term life coverage

Cash-value build-up for a long-term investment

Can be either "Whole Life," "Universal Life" or "Variable Life"

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