Term life insurance and permanent life insurance are the two basic types of life insurance available.
Term life insurance is the most popular type of life insurance, because it costs less, and offers more life insurance for your money.
Permanent life insurance offers lifetime coverage and may build up some cash value inside the policy.
Term life insurance offers you life insurance protection for a period of up to 30 years. You can choose term life coverage for 1-30 years, but most term life policies offer coverage for 10, 15, 20, or 30 years.
Here's how you can learn more about term life insurance vs permanent life insurance and compare the benefits and drawbacks before choosing the right life insurance policy.