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Life Insurance

Life insurance helps protect your family, business partner or others who depend on you financially if you die early. There are two main types of life insurance: Term insurance usually has the lowest annual premiums and covers you for a limited time period, and permanent insurance (such as whole life and universal life) that provides coverage for your lifetime and builds up tax-advantaged savings that you can borrow or withdraw.

5 Types of Insurance to Protect Your Income, Wealth and Family

The topic of insurance can bring up tough conversations. No one wants to think about the possibility of not being able to take care of ourselves or our dependents. But the path to financial freedom involves both building wealth and preserving wealth.

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