How Many Different Types Of Life Insurance Are There? 
There are more than you can count . Every carrier has there own policies available with various offerings and exclusions . The basic types of life insurance are term -LRB- active for a set number of years -RRB- , whole life -LRB- permanent insurance -RRB- , and universal -LRB- flexible payment schedule may be available -RRB- . Term insurance typically does not build any cash value , where as whole life and universal life have the potential to build some cash value under the right conditions . 