Another name for permanent life insurance is

Question

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Permanent life insurance is also known as whole life insurance. This type of insurance provides coverage for the entire lifetime of the insured, rather than for a specific term. It also includes a savings component called cash value, which accrues over time and can be borrowed against or withdrawn by the policyholder. The premiums for whole life insurance are typically higher than those for term life insurance, but the coverage lasts for a lifetime and the policyholder can benefit from the savings component.

Another Name for Permanent Life Insurance Is