Term Life Insurance, also known as pure life insurance, is life insurance that guarantees payment of a death benefit during a specified term. Once the term expired, the policyholder can either renew for another term, convert to permanent coverage, or allow the policy to terminate.

With a Universal Life policy, the insured is protected with a guaranteed amount of death benefit proceeds. In addition, funds that are in the policy's savings component are invested to provide the policy holder with cash value build up. Over time, this cash can grow on a tax deferred basis.

Whole Life insurance is the most straightforward type of permanent life. Everything is guaranteed. Your premiums stays the same as long as you live, your death benefit is guaranteed, and your cash value account grows at a guaranteed rate. As a result of the guarantees, whole life is typically more expensive than other types of permanent life insurance.

Accidental death and dismemberment (AD&D) is a policy that pays benefits to the beneficiary if the cause of death is an accident. This is a limited form of life insurance which is generally less expensive. You can add it as a rider to your regular Life Insurance Policy.

Mortgage protection insurance is a life insurance policy that pays off your mortgage if you or your partner die during the term of the mortgage.

Second-to-Die insurance is a type of life insurance on two people (usually married) that provides benefits to the beneficiaries only after the last surviving person on the policy dies.

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