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The amount of money the insured pays for the insurance policy. Factors that can affect the price of a life insurance premium include age, gender, health history, family health history, smoking habits, hobbies, and occupation. These can all affect the amount you pay for your premium.

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https://www.investopedia.com/ask/answers/08/variable-life-insurance.asp#:~:text=Variable%20life%20insurance%20is%20a,a%20variable%20life%20insurance%20policy.
https://www.investopedia.com/terms/u/universallife.asp
https://www.investopedia.com/terms/w/wholelife.asp
https://www.investopedia.com/terms/t/termlife.asp
https://www.fidelity.com/life-insurance/life-insurance-planning/what-is-life-insurance
https://www.fbfs.com/learning-center/8-factors-that-can-affect-life-insurance-premiums
https://finance.zacks.com/payment-made-beneficiaries-life-insurance-policy-7352.html#:~:text=Receiving%20payment%20from%20your%20life,choose%20from%20different%20payment%20options.

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The people named in the life insurance policy that receive money or other benefits after the insured's death. To receive payment they file a claim and wait 30-60 days for the insurance company to pay out.

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A permanent policy that has a cash value account that can be invested into sub-accounts.

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The insured pays a monthly fee that is split into life insurance payments and savings. It allows the insured to choose how much premium they pay within a range.

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Life insurance that is good for the insured's whole life in exchange for premium payments

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Provides coverage at a fixed rate of payments for a limited amount of time

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Life insurance is a contract between the insurer and the insured where the insured pays premium payments in exchange for the insurer paying a beneficiary a designated amount of money after death.

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Gabby Thompson