Life insurance policies vary, and The Insurance Center will help you select the best option to protect your family:
Whole life is the most popular cash value life insurance option, which provides coverage for as long as you live, usually payable for a period of 20 years or to age 65.
The most popular policy, term life insurance, provides coverage for a number of years, paying a benefit if death occurs during the policy term.
You also could consider universal life insurance, an adjustable life insurance product that allows you to vary the premium payment within certain limits by the insurer and the tax code.
Another option is to structure your whole life or universal life policy into a variable life insurance product where the cash value is dependent on the investment performance of one or more separate accounts.