Insurance - Beware Of Universal Life

There are also different kinds of term and whole life insurance policies, which means potential policyholders have a variety of options. Your loved ones will be paid a reduced benefit, or nothing at all, in the event that you pass away within the first two years of the policy being issued. Oregon Whole Life Insurance Most of these policies will cover you in full for accidental death from the day that the policy is issued. Limited Pay Life - Limited Pay Life Insurance is the same as Straight Life, in that it covers you for your entire life, but with Limited Pay Life you determine the amount of time that you make payments. Oregon Whole Life Insurance There are two basic kinds of life insurance term life insurance and whole life insurance. The application in most cases can be taken over the phone with the agent or completed on your end at another time convenient to your schedule.