What Are The Best Life Insurance Policies? 
The best life insurance policies are the ones that work best for peoples ' needs . All life insurance policies pay upon death , but there are many differences beyond that . Some are designed to accumulate cash value that you can use for expenses later in life , or that will pay your premiums later . These are permanent policies that , if properly managed , will pay out when you die , or at age 100 , whichever comes first . Some are designed to simply pay if you die within a certain number of years . They have no cash value and if you pass away after the term ends , you are not covered . Some are in between . They are n't designed to earn lots of cash value , but they are set up so that they will not end before death , even if you would live to be over 100 years old . If you want a policy to pay for your funeral expenses , the best policy for you is probably one of the permanent policies . If you want a policy that to cover your mortgage that should be paid off in 15 years , you may find 15 year term life insurance to be your best choice . If you have a combination of needs , you can even get a combination of policies . A good life insurance agent can sort through the options to find the life insurance that is best for you . 