What Is The Difference Between Term Life Insurance And Regular Life Insurance? 
Some would say that regular life insurance is term life insurance as it is the most common policy sold . There are two main types of life insurance term life which guarantees a preium for a certain amount of years , such as 10-20-30 year term are the most common . The second type of life insurance are permanent life insurance policies such as whole life and universal life . These policies are designed to last your lifetime and carry cash value that can be used for a variety of things such as retirement , critical illness expenses , long care expenses and children 's college funds . 