InsureMyLife.org will try to answer as many of your questions as possible, but keep in mind that insurance policies vary by state and by company. InsureMyLife.org offers a Find a Life Insurance Agent tool for our visitors.

Types of Life Insurance

There are several different kinds of life insurance, but they mainly fall into two categories - term insurance and permanent insurance.

Term insurance is for temporary needs. The protection is for a specific length of time and only pays a benefit if the insured dies during the term. This type of coverage can make sense if you are covering a mortgage or a business loan.

Permanent insurance provides lifelong protection. Because it is designed to last a lifetime, permanent life insurance accumulates cash value and is priced for you to keep over a long period of time.

We can not say which type of life insurance is right for you, because the kind of coverage that is right for you depends on your unique circumstances and financial goals.

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