Life Insurance Made Simple:
The two main types of life insurance are term and whole life insurance.
Some types of life insurance come with a cash value amount that works like savings or an investment account.
Other policies allow you to skip the medical exam or pay for specific end-of-life expenses.
Term life insurance is the simplest and most affordable option for most people
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:
Understand The Differences: