There are many types of life insurance to choose from. It’s important to know that the best policy for someone else might not be the right one for you.
Below, we have dozens of articles on the different types of life insurance so you can choose the best type of life insurance policy. You can also compare term vs whole life insurance to narrow down your choices.
Table of Contents
Types of Term Life Insurance
Term life insurance is the most popular form of life insurance. It pays out a death benefit if the insured passes away during a certain time period, called the term. There are several different types of term life insurance.
Choose the type below to read more about term life insurance.
Types of Term Policies
Types of Permanent Life Insurance
Permanent life insurance is life insurance that does not expire. It can also have savings and investment components, including riders available.
Below are several types of permanent life insurance.
- Whole Life Insurance
- Burial Insurance
- Guaranteed Issue Life Insurance
- Long Term Care Life Insurance can be added to a policy.
Other Types of Life Insurance
Although all life insurance policies do fall into the category of either term life insurance or permanent, some people use other ways to categorize life insurance. Below are several other types of policies.
- High Risk Life Insurance for people with medical conditions.
- No Medical Exam Life Insurance
- Second to Die Life Insurance
- Family Life Insurance
- Business Life Insurance
- Mortgage Life Insurance