How Does Life Insurance Differ From Other Insurance? 
Since your question was `` How does life insurance DIFFER from other types of insurance '' I 'll focus on that rather than how it 's similar to other types of insurance . Of course there 's different types of life insurance , so the differences will not always be the same . Health , car and sometimes liability insurances usually have a deductible or a co-pay - life insurance does not . in the case of permanent life insurances it will grow a cash value that may be accessed by the owner , and this cash value growth is tax-free . No other insurance has this feature . With whole life insurance you may stop paying premiums at some point and still continue to have the insurance ! No other insurance offers that either as far as I know . I 'm sure there are other differences but would need to compare to specific insurance products to see what they are . Interesting question ! Hope this helps ! 