What Are The Different Types Of Life Insurance? 
Video Transcript : Today 's question is , `` What are the different types of life insurance ? '' Well , you have term life insurance in 5 , 10 , 15 , 20 , 30 , sometimes even 40 years . You have permanent forms of life insurance , participating whole life . You have current assumption Universal Life . You have indexed Universal Life . You have variable Universal Life . These are all different types and forms of life insurance . Depending upon if you need temporary coverage or you need permanent coverage will dictate what area you 'll go in . Then in the second area , if you 're looking at permanent insurance , are you using this exclusively to cover and protect or are you going to add this on as part of your supplemental income retirement plan to add on to maybe your traditional 401 -LRB- k -RRB- or whatever other retirement plan you have . It 's interesting . If you 're going to do that , you 're going to need to do a risk tolerance to see how you feel about long-term hold positions with life insurance and which one that you 're going to use whether it 's interest rate , indexed or separate sub-accounts . 