Types of Term Life Insurance

A Review of the different Types of Term Life Insurance

Life insurance is a contract purchased by the insured person to provide a cash payment to the beneficiary of your life insurance policy if you die – in exchange for the premium payments charged.

The purchaser of the life insurance policy is not always the person whose life is insured, but may be someone who depends on the insured for financial support. There are many different types of life insurance plans to meet your needs and budget.

The main types of term life insurance are listed below, along with helpful articles providing details on each type.

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Term Life Insurance or Temporary Life Insurance

Term life insurance is also known as temporary life insurance because it is a contract purchased for a specific premium to provide coverage for a specific number of years.

Since term life insurance may seem confusing to you, and there are so many types, we have provided some detailed articles to give you specific examples, and to explain the different types of term policies. To learn about the different types of plans, check out the articles and resources listed below.

10 Year Term Life

20 Year Term Life

30 Year Term Life

Annually Renewable Term Life Insurance

Decreasing Term Life Insurance

Level Term Life Insurance

Term Life Insurance for Smokers

Mortgage Life Insurance

Renewable Term Life Insurance


Permanent Life Insurance

Permanent life insurance is a type of life insurance that stays in force for your entire lifetime, as long as you pay the premiums, or until all premiums are paid up. Premiums paid may decrease over time, since some insurers pay out a dividend which may be used to pay for some of your premiums. Also, permanent life insurance policy build cash value within the policy over time. Permanent life insurance may cost you 2-3 times more than for the same amount of term life insurance.


Accidental Death Insurance

This type of life insurance provides coverage for accidental deaths, or deaths resulting from an accident. This type of life insurance is usually less expensive than other options, but it may not be available for people involved in risky hobbies or risky careers.


Other Types of Life Insurance Policies

There are many different types of life insurance policies available. The following list provides some of the more popular types currently available to consumers.

Mortgage Life Insurance

Burial Insurance

Child Life Insurance

Life Insurance for Juvenile

Senior Life Insurance

Guaranteed Acceptance Life Insurance


Term Life Insurance Quotes


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Types of Term Life Insurance


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