Awasome Kinds Of Life Insurance Policies References. How it works, with examples by julia kagan updated sep 21, 2023 term life insurance: Term life (which is the best) and permanent life insurance.

(we’ll look at a few other varieties later.) permanent life insurance lasts your whole life—which sounds good, but ends up being a really bad deal. There are two main types of life insurance: Web one popular type of life insurance—term life insurance—only lasts for a set amount of time, such as 10 or 20 years.