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Life Insurance Basics

Life Insurance Basics
Life insurance is an agreement between you (the insured) and an insurer. Under the terms of a life insurance policy, the insurer promises to pay a certain sum to a person you choose (your beneficiary) upon your death, in exchange for your premium payments. Appropriate life insurance coverage may provide you with a feeling of confidence, since you know that those you care about should be financially protected after you die.
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Comparison of Types of Life Insurance
Comparison of Types of Life Insurance table.
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How Traditional Whole Life Insurance Works
This chart shows how traditional whole life insurance works.
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How Variable Life Insurance Works
This chart shows how variable life insurance works.
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How Universal Life Insurance Works
This chart shows how universal life insurance works.
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How Variable Universal Life Insurance Works
This chart shows how variable universal life insurance works.
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Investment and insurance products and services are offered through INFINEX INVESTMENTS, INC. Member FINRA/SIPC. Infinex and the bank are not affiliated. Products and services made available through Infinex are not insured by the FDIC or any other agency of the United States and are not deposits or obligations of nor guaranteed or insured by any bank or bank affiliate. These products are subject to investment risk, including the possible loss of value.

NOT FDIC-INSURED. NOT INSURED BY ANY FEDERAL GOVERNMENT AGENCY. NOT GUARANTEED BY THE BANK. MAY GO DOWN IN VALUE.

Prepared by Broadridge Investor Communication Solutions, Inc. Copyright 2019.