 Posted: Thu Apr 20, 2006 4:08 am Post subject: What is Permanent life insurance policy? |
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It is a form of life insurance, where the life insurance coverage is generally for the life of the insured. And the policyholder/insured has to pay an annual premium. The payout of the policy is guaranteed at the end of the policy and the policy has a savings component which is also known as cash surrender value.
Example of Permanent life insurance: Whole life or endowment. |
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evan
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