What Kinds Of Life Insurance Is There? 
There are two basic types of life insurance : Term and Permanent . Term insurance is for temporary needs -LRB- e.g. paying off your mortgage , getting your children through college , etc -RRB- . Permanent Insurance comes in Whole Life and Universal Life . It is for needs that have no end -LRB- e.g. funeral expenses , leaving money to grandchildren , etc -RRB- . Once you identify your need -LRB- s -RRB- for life insurance , an insurance professional can help you determine what kind of life insurance will best work for you . 