 Posted: Thu Apr 20, 2006 4:08 am Post subject: What is Permanent life insurance policy? |
|
|
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. |
|
evan
Moderator
Joined: 01 May 2005
Posts: 1284
179.21 Dollars($)
|
