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The most recently launched and introduced type of term life cover is the ROP, the return of premium term life insurance. This type of term insurance pays the value of the insurance if you are still living. Otherwise the term of payments or funds will be received directly by the beneficiary.
The Whole Life policy is one of the four major types of life coverage that you can consider. This type of insurance policy covers you fully, instead of just protecting you in a specified time frame. Whole life insurance plans are usually more expensive than term life policies, but still the investment potential and lifelong coverage of a whole life insurance policy appeals more to a number of insurance shoppers.
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