British
Columbia Automobile Assn
Most British Columbians consider life insurance
a necessary expense, but there is a wide difference
of opinion over what type to buy.
With good reason - the two types, term and
permanent, vary widely in coverage, benefits
and cost.Permanent life insurance also comes
in three distinct flavours - traditional whole
life, universal life and variable life.
You can also have a combination of both term
and permanent policies. Term insurance is like
paying rent on a home - it's generally the least
expensive option available, especially in the
first few years, but the premiums will usually
rise over time. |
