Terms in this set (5)
How much on average does life insurance cost?
basically a payed sum of money to someone to compensate for a loss of life
Who needs life insurance?
needed by people who have dependents or basically people who have people depending on them
Term Life Insurance
Insurance that provides financial protection from losses resulting from a death during a definite period, or term.
whole life insurance
Insurance that is kept in force for a person's entire life and pays a benefit upon the person's death, whenever that may be.