Personal financial planning pyramid

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Reference no: EM133614080

Question

Annuities would be at the top of the personal financial planning pyramid. Increasing term is the type of life insurance most commonly used by people with mortgages. Universal life insurance allows you to skip a premium payment and still have the policy remain in force. "For death protection only; temporary" describes term life insurance. "For death protection and savings; permanent" describes universal life insurance.

Reference no: EM133614080

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