How Many Different Types Of Life Insurance Are There? 
There are two main types of life insurance , term and permanent , The other types of policies fit into those two groups . Term insurance covers you for a period of time , called a term . Term insurance is usually , but not always , guaranteed not to go up in price for that term of years . It usually does not have any cash value . Permanent insurance can cover you for the rest of your life , or permanently . But you need to check on the terms of permanent insurance , as not all are guaranteed to cover you for the rest of your life , and for some , the premium is not guaranteed to remain level . Permanent insurance usually has some cash value . To be sure you are buying the best type of policy or policies for your needs , contact a licensed agent to help you determine which type of life insurance will cover the loss you intend it to cover . 