Which Kind Of Life Insurance Is Best? 
The best kind of life insurance is the life insurance policy that accomplishes your goal at the best possible rate . There are two basic types of life insurance . The first is cash value life insurance which can insure you your whole life , provide funds for children 's college , provide tax free retirement or provide funds for a critical illness . The second type of life insurance is term life . Term life insurance can create an instant estate , pay off a large debt such as a mortgage or student loan , provide a business funds in case of a death of a key employee and is the most affordable type of life insurance . 