Two Categories of Life Insurance
Most people make the distinction between two major types of life insurance as Term and Whole Life, but the more accurate terms are: Term and Permanent life insurance. Those are the two broad categories of life insurance; whole life is just one type of permanent life insurance. Sometimes “whole life” and “permanent life” are used interchangeably. With the advent of several unique product designs in the past 10 or 15 years,
I received an email from a client last year asking me to contact his investment advisor. My client’s investment advisor had referred him to another life insurance agent, but the rates he received were not the same as the rates I quoted him. Below is an excerpt from the email (I was copied on the email).
“Tim, Greg Sanders is the agent I have been using and his rates seem a little better than Tony’s….Greg has been very responsive and professional in my dealings with him…..always good to have options …
