Basic Types of Life Insurance

There are many types of life insurance to choose from. Here’s a breakdown of what the main ones cover.
Georgia Rose
By Georgia Rose  
Updated
Edited by Katia Iervasi   Reviewed by Tony Steuer  

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MORE LIKE THISLife Insurance

Life insurance is there to help reduce the financial burden on your loved ones when the inevitable happens. But every life insurance policy is different.

Whether you want to make sure your spouse can continue paying the bills if you die unexpectedly or you simply want to cover your own funeral costs, the best type of life insurance ultimately comes down to your needs and budget.

» MORE: Term vs. whole life insurance: Differences, pros and cons