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→Types of policies: Spelling/Grammar Check, typos fixed: A example → An example
==Types of policies==
==Types of policies==
There are two basic types of life insurance:
There are two basic types of life insurance:
* [[Safety|Protection]] policies – designed to provide a benefit in the event of specified event, typically a lump sum payment. A example is term life insurance.
* [[Safety|Protection]] policies – designed to provide a benefit in the event of specified event, typically a lump sum payment. An example is term life insurance.
* [[Investment]] policies – where the main objective is to facilitate the growth of capital by regular or single premiums. In the United States these are typically: [[Whole life insurance|whole life]], [[Universal life insurance|universal life]] and [[Variable universal life insurance|variable life]] policies.
* [[Investment]] policies – where the main objective is to facilitate the growth of capital by regular or single premiums. In the United States these are typically: [[Whole life insurance|whole life]], [[Universal life insurance|universal life]] and [[Variable universal life insurance|variable life]] policies.
[[Category:Insurance]]
[[Category:Insurance]]
[[Category:Business]]
[[Category:Business]]