What is the difference between life insurance and spouse life insurance?

Spouse life insurance is a policy that can provide a payout to the policyholder if their spouse passes away, and it's intended to help the surviving spouse (or other beneficiaries) make up for income or services the deceased spouse provided.

What is the difference between supplemental life insurance and term life insurance?

term is supplemental life insurance may be available through your employer, while term life insurance comes from private insurers. It's important to note that in most cases, supplemental insurance coverage usually ends if you stop working for your current employer.

Which life insurance is better term or whole?

Is whole life better than term life insurance? Whole life provides many benefits compared to a term life policy: it is permanent, it has a cash value investment component, and it provides more ways to protect your family's finances over the long term.

What is the difference between life insurance and term life insurance?

The most common difference between term insurance and traditional life insurance plan is that a term insurance plan only provides a death benefit in case of demise of the insured within the term period, whereas a life insurance policy offers both death and maturity benefit to the insured.

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