WHAT TYPE OF INSURANCE IS AVAILABLE TO ME?
There are two of life insurance policies: Term and Permanent
Term is available in two forms, level and decreasing, most people buy level.
Level and Decreasing refer to the benefit payable; in a level policy the benefit stays the same over the course of the entire life of the policy.
Term policies can run from yearly renewable to 5, 10, 20, 25 year terms or to term to a specific age (commonly 65)
There are four kinds of permanent policies, Whole life, Universal life, Variable life, Variable-Universal life