The Best Types Of Life Insurance Policy Ideas. Web the two major types of life insurance are term life insurance and permanent life. Term life insurance is typically sold in lengths of one, five, 10, 15, 20, 25 or 30.

Web life insurance comes in two basic forms: Burial life insurance policies are marketed to seniors or those in poor health as a way to help family members pay for a funeral and associated costs. Here’s how each type works and how you can find the right policy for your needs.