What are the three main types of life insurance?
There are three main types of permanent life insurance: whole, universal, and variable.
What are different types of life insurance?
Common types of life insurance include:. Term life insurance.Whole life insurance.Universal life insurance.Variable life insurance.Simplified issue life insurance.Guaranteed issue life insurance.Group life insurance.
What is the most common type of life insurance?
Whole life insurance is the most common type of permanent insurance policy. In addition to providing cash benefits to your beneficiaries upon your death, the coverage comes with guaranteed cash value during the life of the policy.
What are 4 types of whole life policies?
The Four Types of Interest-Sensitive Whole Life. Universal. Universal life insurance often is considered the most flexible of all of the whole life varieties that are available. ... Current Assumption. ... Excess Interest. ... Single Premium.