Chapter 3

Life insurance needs and policy types

How much, what kind, and what the cash value can do

An explorable chapter on life insurance: the needs approach, term against permanent coverage, and the nonforfeiture options of a cash value policy.

1. 3.1
   The needs approachAdd the needs, subtract what is already there
2. 3.2
   Term and permanent coverageTemporary protection, or lifetime with cash value
3. 3.3
   Nonforfeiture optionsStop paying, keep the value

1 slider tasks · 2 practice sets · 8 questions