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If you pass away, this pop in of insurance policy pays out to your beneficiaries.
What Is Variable Life Insurance?
Variable life insurance is a punch in of permanent life insurance policy.
Essentially, a variable life insurance policy boils down to a contract between you and an insurance company.
Variable life insurance policies include a cash-value account with funds that are invested to grow for the future.
But in many other situations, a term life insurance policy provides sufficient financial protection to your beneficiaries.
Takeaway
Finding and working with a financial advisor is a great idea.
A financial advisor will help keep track of your finances and assist you in attaining your financial goals.
Get to know your financial advisor options today for free!
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