What Are The Different Types Of Life Insurance Plans? 
The different types of life insurance is term insurance , which is a specific time frame that could be 10 years , 20 years , 30 years . Term is initially the cheapest but over time the premiums can go up . A term contract ends after you reach the term agreement year . You have whole life which is a permanent life insurance . As long as you make your premium payments you will own the policy for life . Whole life insurance builds cash value over time . You can use the cash through policy loans . You have index universal life insurance which is a product that also builds cash value over the life of the policy . It 's also a permanent policy as long as you make the premium payments . The unique feature of index universal life is you can have stock market like returns that will give you the upside potential without the downside risk . There are many more life insurance products , however this should give you an head start on whats best for you.Always speak to a licensed professional life agent for more details . 