Life insurance can be a complex product, and it’s important to research the options thoroughly before purchasing. Some common ...

Julia Kagan is a financial/consumer journalist and former senior editor, personal finance, of Investopedia. Katrina Ávila Munichiello is an experienced editor, writer, fact-checker, and proofreader ...

Term life insurance is generally the most cost-effective option for covering temporary financial obligations with life insurance, like a mortgage or your child’s college education. The average monthly ...

Permanent life insurance is a type of life insurance policy that provides coverage for the entire lifetime of the insured as long as the premiums are paid. Unlike term life insurance, which offers ...

Most term life insurance policies let you convert to permanent coverage, but the rules vary by company ...

Family life insurance isn’t a single product sold by insurance companies. In some cases, it refers to the ability to purchase additional coverage for family members. In others, it’s a way of conveying ...

If you're shopping for life insurance, a term life policy may be the right fit: Usually, it's the most affordable option and it provides coverage for a set number of years. So, for example, you'll be ...

Two common types of life insurance, term life insurance and whole life insurance, can be useful coverage for many people. However, term and whole life insurance function very differently. Term life ...

Term life insurance locks in your rate and coverage for a specific timeframe. Whole life insurance usually lasts a lifetime and includes a cash value component. Your budget, family needs and financial ...