Is there more than one kind of Life Insurance policy I can buy?

    Published: 06-16-2009
    Views: 9,747
    Bob Ley, Vice President of Sales with AIG, explains the difference between term and permanent insurance policies.

    Host: Is there more than one kind of life insurance policy I can buy?

    Bob Ley: Yes, there is more than one kind of life insurance. But all policies fall into two categories; term insurance, which is pure protection over a specified period of time, and permanent insurance, a mixture of protection and investment which grows the cash value.