What Is The Best Type Of Life Insurance Policy? 
The absolute best type of life insurance policy is the policy that accomplishes your unique goals at the lowest premium . For example , if you need a life insurance policy to pay for a debt like a 25 year mortgage , then the best policy is a 25 year term life for the amount of the debt . If you need to create an instant estate to replace your income for your loved ones then perhaps you need a 20 year or 30 term life policy . If you need a set death benefit for your entire life then you should consider a whole life insurance plan . Last if you want a death benefit , critical illness protection and a cash value that can be used for a tax free retirement , you should consider a universal life insurance policy . I recommend sitting down with a trusted advisor to help sort out all of the options that life insurance can be used for throughout your life . 