There are two main types of life insurance: term and permanent. Term life insurance is typically more affordable than permanent life insurance because it is only active within a set period. Most ...

Typically the most affordable kind of policy, term life insurance covers you for a set term, usually 10, 20 or 30 years. If you die before the term ends, your beneficiary receives the stated death ...

3 insurance types experts say seniors should buy now. ... However, life insurance isn't always necessary, and many may find it cost-prohibitive or not as beneficial as other options.