Check out these companies for the lowest rates!

Life is Complicated

Selecting the right insurance shouldn’t be!

Find the right insurance policy that works for you!

Get a Quote Now

for Life Insurance and Final Expense Insurance

"*" indicates required fields

This field is for validation purposes and should be left unchanged.

Types Of Life Insurance

Consumers often ask about the different types of life insurance policies they can purchase. In this article, we summarize the two major categories of life insurance and provide examples of policies within each category.


There are two basic categories of life insurance: term life insurance & permanent life insurance.

A Term Life Insurance Policy is the most basic type of life insurance. It is low-cost, easy to understand, and has a fixed period of years. A term life policy provides a death benefit and pays out if the insured individual dies within the period of years. Term Life Insurance policies are a great option if your primary goal is to provide security for your family at a low cost. Most term life policyholders obtain their policy after a major life event such as buying a house, getting married, or having a child.

Policy coverage amounts (also known as the death benefit or size of the policy) start at $50,000 and can be as large as multi-million dollar policies. The “term” in Term Life Insurance refers to how long the policy remains active – typically from 10 to 30 years and it is generally the consumer’s choice. Within Term Life Insurance, carriers offer different solutions to choose from that balance term, premiums, and coverage amount so you can get the exact policy that is right for you. 

Permanent Life Insurance Policy is a life insurance solution that is guaranteed forever – as long as you pay your premiums timely. Many policies offer benefits such as the ability to set aside a portion of your premiums to build cash value (similar to a retirement or savings plan). Some plans even guarantee a rate of return on your investment or the ability to borrow cash from the policy. Permanent life insurance policies are more expensive than term life insurance policies. We recommend discussing your options with a licensed insurance agent to understand if combining life insurance and savings is a good option for you – especially if you’re focused on long-term solutions and putting money aside in an IRA or other retirement solutions already. Start here today and we’ll match you with someone that can answer all of your questions. 


Here are a few types of policies within permanent life insurance you should ask about:

Let us match you with a licensed life insurance agent that can help you find the right policy for you no matter how unique your situation or how sophisticated your goals are.

Our Commitment To You

Our Commitment to you is a fast, free, and secure first step in finding the right insurance coverage. In as little as 2 minutes, we match you with a licensed life insurance agent based on your individual needs. Start today to find the right life or final expense insurance policy for you.