What Kinds Of Life Insurance Is There? 
That is a great question ! There are two basic types of life insurance , one that ends , and one that does n't . The one that ends is called `` term '' insurance . This type of policy is advertised often on TV and in mail by large Senior Citizen friendly companies , and unless you realize that it ends when you turn 80 , can be in for a big , unpleasant surprise . The term policy as a clearly stated end date , has no value if it does n't pay out , and becomes very expensive very quickly if renewed . `` Whole life '' insurance is exactly that - insurance for your whole life . It is more expensive than term life , because as long as you make your payments , it 's going to pay out -LRB- most term policies never do , that 's why they are so cheap -RRB- . If you would like to discuss which one might be best for you , contact me , and I 'll make time for you . Thanks for asking ! 