Types of Life Insurance

Term Insurance

Permanent Insurance

  Step #3 - Types of Life Insurance

There are two primary types of life insurance Term Life Insurance and Permanent Life insurance.

Term Life Insurance is the simplest and least expensive type of life insurance. A term life policy is pure insurance protection and has only one function to pay a specific sum (death benefit) to whoever you've designated as your beneficiary upon your death. (Continue Reading)

Permanent Life insurance also pays death benefits whenever the insured dies. Permanent life insurance provides lifetime insurance protection. Most permanent policies offer a savings or cash value component combined with the death benefit. This component, in turn, causes premiums to be higher than those of term insurance.
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Take the final step and get your Life Insurance Quote now.

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