In simple terms, life insurance pays an agreed sum of money to people you choose (your beneficiaries) if you die while the policy is in force. You must pay a monthly fee (or premium) for this. How ...

There are five main life insurance types to choose from. Here’s a breakdown of what each one covers. Many, or all, of the products featured on this page are from our advertising partners who ...

There are five main types of life insurance to choose from. Here’s a breakdown of what each one covers. Many, or all, of the products featured on this page are from our advertising partners who ...

There are two main types of life insurance: term and permanent. Term life insurance is typically more affordable than permanent life insurance because it is only active within a set period. Most ...

Nathan Reiff has been writing expert articles and news about financial topics such as investing and trading, cryptocurrency, ETFs, and alternative investments on Investopedia since 2016. Vikki ...

Permanent life insurance is a type of life insurance policy that provides coverage for the entire lifetime of the insured as long as the premiums are paid. Unlike term life insurance, which offers ...

GREENSBORO, N.C. — Life insurance is a financial safety net that steps in when you no longer can. It helps your loved ones cover large expenses like mortgages, college tuition, and replacing your ...

Julia Kagan is a financial/consumer journalist and former senior editor, personal finance, of Investopedia. Katrina Ávila Munichiello is an experienced editor, writer, fact-checker, and proofreader ...