Types of Life Insurance
Life insurance comes in many different shapes and sizes. It is itself an intangible financial product, but it can have very real and tangible affects on the lives of the people who have it.
Below are links to definitions of the different types of life insurance available in the market today. These are basic definitions. To really have a clear understanding of each type of life insurance and how it can affect you specifically, you should speak with a licensed life insurance consultant.
Click on the following links to find information about the different types of life insurance.
What is Term Life Insurance? – Learn about the simplest and most inexpensive type of life insurance.
What is Universal Life Insurance? – Learn about cash value accumulation and why this type of life insurance could work for you.
What is Whole Life Insurance? – The most expensive type of non-guaranteed issue life insurance. Learn why it's so expensive and how it works.
What is Return of Premium (ROP) Life Insurance? – Learn how this type of life insurance refunds up to 100% of the premiums used to pay for it.
What is Guaranteed Issue Life Insurance? – This type of life insurance is the most expensive because it requires no medical exam, medical questions, or background check.
If you have other questions regarding any of the different types of life insurance, please visit the Research Library or call 1-800-823-4852 to speak directly with a life insurance consultant. At Wholesale Insurance, we're here to help you get the life insurance you need to protect the ones you love.
