EVER been approached by an insurance agent who offered you insurance that you never really understood? I’m sure it happens a lot. More often than not, we get insurance because of the following reasons: the insurance agent is a good friend, and we didn’t want to turn him down, or we thought it was an investment. So in this article, let me try to give the low down on some basic concepts about life insurance.
There are two major types of life insurance: ordinary life (OL) and variable unit linked (VUL).
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