Term Life Insurance is a temporary life insurance generally sold in 1, 5, 10, 15, 20, 25 or 30 years of coverage. This is typically the most affordable and is used by most people.
Whole life insurance
Whole life insurance offers a guaranteed rate of return on the policy's cash value as long as the premiums are paid.
Universal life insurance
A permanent life insurance policy that never expires and allows some flexibility in changing the death benefits.
Variable life insurance
Variable Life Insurance is tied to investment accounts such as bonds and mutual funds. Part of your premium payment will go towards the beneficiary, while the other part goes into an investment account
Indexed universal life insurance
Indexed universal life insurance is a permanent life insurance that is based on the stock market index agreed upon by your insurer or financial advisor.
Simplified issue life insurance
Simplified issue life insurance policies are usually quick, if not instant because they don't require a medical exam.
Guaranteed issue life insurance
Guaranteed issue life insurance means no medical exams and no health questions. As long as your between the ages of 40 and 85, you qualify. This insurance is good for helping cover some final expenses such as funeral costs.
Group life insurance
Group life insurance is usually a part of a company's benefits. Premiums are based as a whole, allowing employers to offer basic coverage for free, or much lower prices