Term is designed to provide coverage and protection for a limited period of time, a term. At the end of the term, no value is gained. Most property insurance, like car insurance is term.
Whole life is designed to provide permanent, at least for the lifespan of the insured, protection. It builds value, and so acts like a savings account.
There are lots of other details, and I can explain them if anyone cares, but that is what I do for this thing called a job right now.
I had some good pizza last night with Katherine, Kim, and David. I think it was one of the better pizza's I've had. No Zachary's, but I liked the crust better.
I wish I had more time to spend with Katherine. These days I've got no time.
14 June 2005
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