Life insurance types

As you probably know, there are two major types of life insurance: term life insurance and permanent. Term insurance is the simplest and cheapest life insurance type, Whole life insurance is the priciest of the three principal life insurance types(term, whole, and universal). All Life insurance policies contain seemingly countless provisions, clauses and options that determine the type and scope of coverage. It is important to understand the provisions of the policy you have or any one you're considering. » Life insurance types