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2. Term vs. Whole Life Insurance: What’s the Difference?

   www.aol.com/term-vs-whole-life-insurance...

   Benefits. Term Life Insurance. Whole Life Insurance. Duration. Varies; can last for a period of years or to a specific age. Life. Cost. Variable, but usually lower than whole life policies

3. Term life insurance - Wikipedia

   en.wikipedia.org/wiki/Term_life_insurance

   Term life insurance or term assurance is life insurance that provides coverage at a fixed rate of payments for a limited period of time, the relevant term. After that period expires, coverage at the previous rate of premiums is no longer guaranteed and the client must either forgo coverage or potentially obtain further coverage with different payments or conditions.

4. Internal Revenue Code section 79 - Wikipedia

   en.wikipedia.org/wiki/Internal_Revenue_Code...

   The cost of employer-provided group-term life insurance on the life of an employee's spouse or dependent, paid by the employer, is not taxable to the employee if the face amount of the coverage does not exceed $2,000. This coverage is excluded as a de minimis fringe benefit. Some cases may allow more. [5]

5. Types of life insurance - AOL

   www.aol.com/finance/types-life-insurance...

   Term life insurance. Term life insurance is typically more affordable than permanent life insurance because it is only active within a set period. Among the various types of term life insurance ...

6. Can I convert my term life insurance to whole life insurance?

   www.aol.com/finance/convert-term-life-insurance...

   Term vs. whole life insurance. With term life insurance, the policyholder chooses a period during which their policy is active — usually somewhere between 10 and 30 years. The policyholder pays ...

7. Life insurance - Wikipedia

   en.wikipedia.org/wiki/Life_insurance

   Group life insurance (also known as wholesale life insurance or institutional life insurance) is term insurance covering a group of people, usually employees of a company, members of a union or association, or members of a pension or superannuation fund. Individual proof of insurability is not normally a consideration in its underwriting.