Term and whole life are two of the most common types of life insurance available. Whole life is a form of permanent life insurance that lasts as long as you live (assuming you pay the policy’s ...

Life insurance can be a crucial part of your financial planning, but it's not for everyone. Understanding who truly needs it, ...

Life insurance is designed to provide financial protection for your chosen beneficiaries. Term life insurance is generally ...

And, unlike permanent life insurance, term life doesn't have a cash value component. Read: The best term life insurance companies Still, having added protection during your peak earning years can ...

This means 2% of all in-force policies paid out. Note that this data does not say whether these were term or permanent life insurance policies; we contacted the American Council of Life Insurers ...

An endowment life insurance policy offers a combination of death benefit, savings and investment. Though it shares similarities with term life and permanent life insurance, it also differs ...

That depends on whether you buy term or permanent life insurance coverage. Term insurance is less expensive, but it only provides coverage for a limited period of time. Permanent insurance ...

State Farm's term life policies can convert to a permanent policy without a medical exam. Bestow offers one term life insurance policy to those ages 18 to 60 with up to $1.5 million in coverage.

For those who might want to convert their term policy to permanent life insurance at some point, several commenters caution potential buyers to research Protective’s conversion options.