what are the types of life insurance?
Answers
Answer:
There are three major types of whole life or permanent life insurance—traditional whole life, universal life, and variable universal life, and there are variations within each type.
Answer:
Types of life insurance
With so many different types of life insurance, you may be wondering which one to choose. We’re here to help you make that decision.There are so many different options for buying life insurance but it’s really not that complicated. When it comes down to it, there are essentially two kinds of policies: term life insurance and whole life insurance. Term life insurance lasts for a specific amount of time (the term) and expires at the end of the policy. Whole life insurance, on the other hand, is a form of permanent life insurance. There are more insurance plans that fall into these two categories, each with their own benefits and drawbacks.
The different types of life insurance are:
Term life insurance
Whole life insurance
Universal life insurance
Indexed universal life insurance
Variable life insurance
Variable universal life insurance
Final expense insurance
Group life insurance