If you’re not familiar with life insurance, the various types available can be confusing. Generally speaking, term life insurance is used to cover a short-term need, such as 10 to 20 years, and universal life or whole life provide coverage for an entire lifetime.

Types of Life Insurance Guide

For your convenience, we’ve spelled out the uses for each of the types of policies below, as well as pros and cons of each.

If you have any questions, feel free to call us at 877-996-9383.