What Are The Different Types Of Life Insurance Policies? 
There are many different types of life insurance policies . The most common are whole life , variable life , universal life and term . Of course , there are different variations of each including plans that are not used as often such as single-pay life . A whole-life policy could pay dividends if participating . Rates on term policies are the least expensive while whole-life prices tens to be the most expensive . The most common tern periods are 10 and 20 years although other options are available . Which type is best for you ? The best resource for you is a full-time -LRB- Yes ... that must be their full-time job ! -RRB- broker or financial planner that can review prices , suitability and product in the most effective way . 