MANAGEMENT

Detailed explanation-1: -There are multiple types of permanent life insurance, including whole life, universal life, and variable life insurance. There’s also a specific type of whole life insurance called final expense or burial insurance that’s meant to cover end-of-life expenses.

Detailed explanation-2: -The four most common types of permanent, cash value life insurance are whole life, standard universal life insurance (UL), variable UL, and indexed UL.

Detailed explanation-3: -Common types of life insurance include: Term life insurance. Whole life insurance. Universal life insurance.

Detailed explanation-4: -Variable life insurance is a permanent life insurance policy combined with a cash-value account invested in bonds or stocks. In contrast, term life insurance lasts for a specific number of years, a variable life insurance policy lasts until the policyholder’s death.

Detailed explanation-5: -Different types of general insurance include motor insurance, health insurance, travel insurance, and home insurance.