You can purchase life insurance from two types of life insurance companies.

Question

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Life insurance can be purchased from two main types of companies: term life insurance companies, which provide policies for a specified period, and whole life (or permanent) insurance companies, which offer policies that cover the insured for their entire life. Additionally, within the broader insurance market, companies may specialize in different products or serve different markets, further diversifying the types of companies from which consumers can purchase life insurance.

You Can Purchase Life Insurance from Two Types of Life