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- There are several types of life insurance policies, including12:
- Term life insurance: offers coverage that is limited to a set period, often 10, 20, or 30 years.
- Whole life insurance (permanent): offers coverage for the rest of your life, as long as you pay your premiums.
- Universal life insurance (permanent)
- Variable universal life insurance (permanent)
- Burial insurance/funeral insurance
- Survivorship life insurance/joint life insurance
- Mortgage life insurance
- Credit life insurance
- Final expense life insurance (permanent)
Learn more:✕This summary was generated using AI based on multiple online sources. To view the original source information, use the "Learn more" links.Different Types of Life Insurance
- Term life insurance
- Whole life insurance
- Universal life insurance
- Burial insurance/funeral insurance
- Survivorship life insurance/joint life insurance
www.forbes.com/advisor/life-insurance/types/Main Types of Life Insurance
- Term Life Insurance Term life insurance policies offer coverage that is limited to a set period—often 10, 20, or 30 years. ...
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