Whole Life Insurance: Whole life insurance is a type of permanent life insurance that provides coverage for the policyholder’s entire lifetime, as long as the premiums are paid. Whole life insurance also includes a cash value component that grows over time and can be borrowed against or used as a source of income during retirement.

Term Life Insurance: Term life insurance is a type of life insurance that provides coverage for a specific term, such as 10, 20, or 30 years. Term life insurance is typically less expensive than permanent life insurance and is designed to provide a death benefit for a specified period of time.

Universal Life Insurance: Universal life insurance is a type of permanent life insurance that provides flexibility in terms of premium payments and death benefits. Universal life insurance policies typically offer a cash value component that grows over time and can be adjusted based on the policyholder’s needs.

Final Expense Life Insurance: Final expense life insurance is a type of life insurance specifically designed to cover end-of-life costs, such as funeral expenses. Final expense policies are typically smaller in size than other types of life insurance and are often marketed to older individuals or those with limited financial resources.

When choosing a life insurance policy, it’s important to consider your individual needs and circumstances, as well as your financial goals and budget. It’s also recommended to work with a financial advisor to help you determine the type of life insurance that is best suited to your needs.