There are many kinds of life insurance, but they generally fall into two categories: term insurance and permanent insurance.

Term insurance is designed to meet temporary needs. It provides protection for a specific period of time (the "term") and generally pays a benefit only if you die during the term. This type of insurance often makes sense when you have a need for coverage that will disappear at a specific point in time. For instance, you may decide that you only need coverage until your children graduate from college or a particular debt is paid off, such as your mortgage.

In contrast, permanent insurance provides lifelong protection. As long as you pay the premiums, and no loans, withdrawals or surrenders are taken, the full face amount will be paid. Because it is designed to last a lifetime, permanent life insurance accumulates cash value and is priced for you to keep over a long period of time.

It's impossible to say which type of life insurance is better because the kind of coverage that's right for you depends on your unique circumstances and financial goals.

But remember, the best way to figure out the amount and type of life insurance that makes sense for your particular situation is to meet with a certified financial planner.

Click on the “COMPARE NOW” button and complete the information to compare insurance rates from the industry’s best and most competitive carriers. These are competitive rates from our best carriers featuring lowest premiums, so no specific company is mentioned.  After you’ve reviewed these quotes, the next step is to make sure the rates quoted are the right ones for you, based on your personal health history and your family history. You can either complete the secured form below and submit it to us so we can confirm your quotes accuracy or contact us at 800.796.0909 and we’ll contact you and with a 10-minute pre-underwriting interview. If you are then ready to apply, we’ll take you through the process.