• Term Life Insurance: Provides coverage for a specific period, such as 10, 20, or 30 years. It is often one of the most affordable options and pays a death benefit if the insured passes away during the policy term.

• Whole Life Insurance: Permanent coverage designed to last your entire life, as long as premiums are paid. It typically includes fixed premiums, a guaranteed death benefit, and cash value that can grow over time.

• Universal Life Insurance: Permanent coverage that may offer more flexibility in premium payments and death benefit amounts. It can also build cash value based on the policy’s interest-crediting terms.

• Indexed Universal Life Insurance: A type of permanent life insurance that may build cash value based partly on the performance of a market index, subject to policy limits, caps, and participation rates. It does not invest directly in the stock market.

• Variable Life Insurance: Permanent coverage that allows the policy’s cash value to be invested in market-based options. It may offer greater growth potential, but it also carries more investment risk.

• Final Expense Insurance: A smaller whole life policy designed to help cover funeral costs, medical bills, and other end-of-life expenses. It often has a simpler application process than larger policies.

• Guaranteed-Issue Life Insurance: Coverage that may be available without a medical exam or health questions. It typically has lower coverage amounts, higher premiums, and a waiting period before the full death benefit becomes available.

• Group Life Insurance: Coverage offered through an employer, association, or organization. It is often affordable or employer-paid, but the coverage may be limited or may not follow you if you leave the group.

Living benefits may be available with certain policies or optional riders, allowing the insured to access part of the death benefit after a qualifying critical, chronic, or terminal illness. Availability, qualifications, and policy terms vary.