There are many different types of life insurance: term life insurance, whole life insurance, and universal life insurance. Each type has its benefits and drawbacks. You should speak with a licensed life insurance agent to determine which type of life insurance is right for you.
Term life insurance is the most basic type of insurance policy. It’s intended to cover your debts and final expenses if you were to pass away. You can usually get a term life insurance policy for as little as $25.