Life Insurance Policy Types
Term Life Insurancetemporary coverage for a selected term, usually the cleanest starting point for families comparing price
Whole Life Insurancepermanent coverage with cash value and fixed premiums when structured properly
Universal Life Insuranceflexible permanent coverage where assumptions, charges, and funding discipline matter
Indexed Universal Lifeuniversal life with index-crediting methods that need careful illustration review
Variable Universal Lifeinvestment-linked permanent coverage with market risk and policy charges
Final Expense Insurancesmaller death benefits often used for burial and end-of-life costs
Guaranteed Issue Life Insurancecoverage with limited health questions, usually higher cost and waiting-period tradeoffs
No-Exam Life Insuranceaccelerated or simplified underwriting that may trade speed for price or coverage limits
Survivorship Life Insurancetwo-life permanent coverage often used in estate or business planning