14 types of life insurance (Which one is right for you?) | finder.com

Types of life insurance

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Evaluate your options to find the ideal policy for you and your family.

Figuring out the amount of coverage, how much you want to leave to your beneficiaries and what additional coverage you might need depends on your family and financial situation. The right life insurance policy helps ensure your loved ones are taken care of after you’re gone.

Explore your coverage options to find the policy that is best suited to you and your family.

Why we like:

Compare quotes from 16 life insurance companies side by side.

  • Compare multiple providers
  • Calculate how much coverage you need
  • Get a quote in 2 minutes

Why we like: Policygenius

Compare quotes from 16 life insurance companies side by side.

  • Get the coverage amount and term that's right for you.
  • Choose between term or whole life insurance.
  • Easy online application process.
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What are the different types of life insurance?

There are a number of different types of life insurance — which is one of the reasons it can be difficult to nail down the best policy for your needs. Here are the key features of each policy type to help you compare your options.

Term life

Term life insurance guide

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Permanent life

Permanent life insurance guide

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Whole life

Whole life insurance guide

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Universal life

Universal life insurance guide

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Variable life

Variable life insurance guide

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Variable universal life

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Simplified issue life

Simplified life insurance guide

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Joint life

Joint issue life insurance guide

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Group life

Group life insurance guide

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Credit life

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AD&D life insurance

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Supplemental life

Supplemental life insurance guide

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Final expense life

Funeral insurance vs life insurance

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Mortgage life

Mortgage life insurance guide

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Compare life insurance companies

Name Product Issue Ages Coverage Range Medical Exam Required
20 to 60 years old
$100,000 to $8,000,000
No
Term life insurance with no policy fees and the freedom to cancel anytime. Simple application process that can get you approved for coverage instantly.
20 - 80 years old
$25,000 to $10,000,000
No
Quickly get a quote for coverage with this marketplace, which compares term & whole life insurance policies from 45+ carriers.
21 - 54 years old
$50,000 to $1,000,000
No
Affordable 2-, 10- and 20-year term life insurance policies. Instant quotes and no medical exams.
18 - 85 years old
$10,000 to $10,000,000+
Depends on provider and policy
Compare quotes from 16 life insurance companies side by side.
20 - 85 years old
$100,000 to $1,000,000
Depends on policy
Get a term or whole life insurance quote from Fidelity Life - starting as low as $15/day.
18 - 75 years old
$100,000 to $5,000,000
Depends on provider and policy
Apply for a simple instant-decision policy free of charge. Compare quotes from multiple A-rated carriers.
18 - 80 years old
$50,000 to $25,000,000
Depends on provider and policy
Get a quote within minutes from more than a dozen insurers.

Compare up to 4 providers

Bottom line

When perusing your life insurance options, there are a number of things to consider, including terms, rates, premiums and coverage maximums.

Dig for details when you’re choosing a policy. Review your life insurance options with multiple providers before you apply.

Frequently asked questions.

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