The different types of life insurance can be divided into term and permanent, depending on how long they are in effect. This most common permanent life insurance is whole life. Some types of life insurnace expire, some have an investment-like cash value, and some are best for older or unhealthy applicants. There are benefits and drawbacks to each.
Specific types of life insurance include:
- Term life insurance
- Permanent life insurance
- Whole life insurance
- Universal life insurance
- Variable life insurance
- Variable universal life insurance
- Simplified issue life insurance
- Guaranteed issue life insurance
- Final expense insurance
- Group life insurance
- What life insurance policy type is right for me?
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