Life insurance is a contract in which an insurer, in exchange for a premium, guarantees payment to an insured's beneficiaries when the insured dies.

What Is Life Insurance? · Term vs. Permanent Life...

Term life insurance is a guaranteed life benefit paid to beneficiaries of the insured after death.

Term life insurance offers more affordable coverage than whole life. However, it only lasts for a certain number of years, and it doesn't offer the tax-free ...

Whole life insurance is permanent life insurance that pays a benefit upon the death of the insured and is characterized by level premiums and a savings ...

Insurance companies · How Cash Value Builds in a... · Cash value

Cash value life insurance is a form of permanent life insurance—lasting for the lifetime of the holder—that features a cash value savings component.

Term life insurance is a type of life insurance policy that provides coverage for a certain period of time, or a specified “term” of years.

Life insurance is a contract between a policyholder and an insurance company that's designed to pay out a death benefit when the insured person passes away.

The policy length: the period that the insurer agrees to pay a death benefit. This can be a specific term or it can be permanent. A permanent policy lasts for ...