Is there more than one kind of Life Insurance policy I can buy?
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How to Buy Life Insurance
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Is there more than one kind of Life Insurance policy I can buy?
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American International Group, Inc. (AIG), a world leader in insurance and financial services, is the leading international insurance organization with operations in more than 130 countries and jurisdictions. AIG companies serve commercial, institutional and individual customers through the most extensive worldwide property-casualty and life insurance networks of any insurer. In addition, AIG companies are leading providers of retirement services, financial services and asset management around the world. AIG's common stock is listed on the New York Stock Exchange, as well as the stock exchanges in Ireland and Tokyo.
Is there more than one kind of Life Insurance policy I can buy?
Bob Ley, Vice President of Sales with AIG, explains the difference between term and permanent insurance policies.
Transcripts
Host: Is there more than one kind of life insurance policy I can buy?
Bob Ley: Yes, there is more than one kind of life insurance. But all policies fall into two categories; term insurance, which is pure protection over a specified period of time, and permanent insurance, a mixture of protection and investment which grows the cash value.
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