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What are the principal types of life insurance?
There are two major types of life insurance�term
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life term In 2003, about 6 and aarp insurance life
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sold to individuals. Term Term Insurance is the
simplest form of life insurance. It pays only if
death occurs during the term of the policy, which
is usually from one to 30 years. Most term policies
have no other benefit provisions. There are two
basic types of term life insurance policies�level
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In 2003, virtually all (97 percent) of the term
life insurance bought was level term. For more on
the different types of term life insurance, click
here. Whole Life/Permanent Whole life or permanent
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