What Is The Most Common Type Of Life Insurance?

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    Peggy Mace
    Most of the U.S.
    In 2011, Term Life insurance represented 65% of the total coverage in effect in the US, and accounted for nearly 40% of every new life insurance policy sold in the US. However, increases in the sale of Whole Life, Universal Life, Index Universal Life, and Variable Life caused the sale of Term Life to go down slightly from 2010, according to LIMRA (Life Insurance and Market Research Association).
    Answered on May 5, 2013
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