That depends on a variety of factors, including how long you need coverage for, how much you want to pay and whether you’re looking for a life insurance policy that builds cash value over time.

-Indexed Universal Life
-Term Life Insurance

-Whole Life Insurance

-Permanent Life Insurance

-Universal Life Insurance

-Variable Life Insurance

All types of life insurance fall under two main categories:

Term life insurance. These policies last for a specific number of years and are suitable for most people. If you don’t die within the time frame specified in your policy, it expires with no payout.

Permanent life insurance. These policies last your entire life and usually include a cash value component, which you can withdraw or borrow against while you’re still alive.