What Are The Two Main Types Of Life Insurance? 
Life Insurance plans are generally categorized into two varieties : Term and Permanent . Term provides a pure death benefit without any `` frills '' , is the lessor expensive of the two types and is usually purchaced to fover a particular financial exposure for a short period of time . Permanent is , just as the word says , intended for long term protection . The numerous varieties within this category include benefits beyon the primary death benefit , namely inside cash build up , accellerated death benfit options , Long Term Care riders and many more . This category of plans is generally more expensive than term . 