There are five main life insurance types to choose from. Here’s a breakdown of what each one covers. Many, or all, of the products featured on this page are from our advertising partners who ...

There are two main types of life insurance: term and permanent. Term life insurance is typically more affordable than permanent life insurance because it is only active within a set period. Most ...

Scott Nevil is an experienced writer and editor with a demonstrated history of publishing content for Investopedia. He goes in-depth to create informative and actionable content around monetary policy ...

In its most basic form, life insurance is a contract between the policyholder and an insurance company that provides a cash payout to a named beneficiary if the policyholder dies under covered ...

Life insurance is about protecting your family financially. While money can’t replace you, it’s important to have the right amount of insurance to replace your income and help cover family obligations ...