Families Save Big with Life Insurance Secrets

Types of Life Insurance Policies

There are primarily two types of life insurance policies to consider: term life and whole life insurance. Term life insurance is typically more affordable and covers you for a specific period, such as 10, 20, or 30 years. It's an ideal choice for those seeking coverage during crucial financial years, like paying off a mortgage or funding children's education. Whole life insurance, on the other hand, offers lifelong coverage and includes an investment component known as cash value, which grows over time and can be utilized in various financial strategies.