AGES: 18+

Term insurance provides coverage for a specific period or "term," such as 10, 20, 30, or 40 years. If the insured person passes away during this term, their beneficiaries receive a death benefit. It does not accumulate cash value and typically has lower premiums compared to permanent life insurance.

AGES: 0-99+

Whole life insurance is a type of permanent life insurance that provides coverage for the insured's entire life, as long as premiums are paid. It also accumulates cash value over time, which can be borrowed against or withdrawn. Premiums are typically higher than term insurance but remain fixed throughout the policyholder's lifetime.

AGES: 40-89

Simplified issue final expense insurance is a type of life insurance designed to cover end-of-life expenses, such as funeral costs. It typically requires no medical exams, just a brief health questionnaire, making it easier to qualify for, though premiums may be higher than traditional policies.

AGES: 50-80

Guaranteed issue whole life insurance is a type of permanent life insurance that provides coverage without requiring a medical exam or health questions. It guarantees acceptance, regardless of the applicant's health, but usually comes with a waiting period (typically 2-3 years) before the full death benefit is paid out. Premiums are generally higher compared to other types of life insurance.