Secure Your Family's Future Today Comprehensive Life Insurance Guide

Types of Life Insurance Policies

The two main types of life insurance are term life insurance and permanent life insurance. Term life insurance offers coverage for a specific period, typically 10, 20, or 30 years, and is generally more affordable. It's ideal for those seeking coverage during their working years or until significant debts, like a mortgage, are paid off. Permanent life insurance, which includes whole life and universal life, provides lifelong coverage and builds cash value over time, offering more flexibility and benefits but at a higher premium.