What are the most common types of life insurance

[Maria2]

The most common types of life insurance are


Term Life is straightforward and affordable, while permanent policies like Whole and Universal provide long-term coverage and potential cash accumulation. Variable Life involves investment risks. Choose based on your financial goals, budget, and risk tolerance.

 

[Jane2]

The most common types of life insurance are term life and whole life insurance. Term life offers coverage for a specified period, providing a death benefit if the insured passes away during the term. Whole life provides coverage for the entire lifetime of the insured, with a cash value component that accumulates over time. Other variations include universal life and variable life insurance, offering flexibility in premiums and investment options.