Term Life

As long as premiums are paid, the policy remains active.

Key Features

• Coverage lasts a lifetime
• Fixed monthly premiums
• Guaranteed death benefit
• May build cash value over time

Best For:

• Families who want permanent protection
• Long-term financial planning
• Covering final expenses

Whole Life

Covers you for a specific period of time.

Key Features

• Lower monthly cost than whole life
• Coverage for a set time period
• Simple and straightforward structure

Best For:

• Young families with children
• Covering mortgage
• Replacing income during working years

Accidental Death

Can only be claimed if death is qualified accident.

Key Features:

• Generally low cost
• Limited to accidental death
• Does not build cash value 

Most deaths occur due to illness or natural causes. Because of this, accidental death insurance should not replace a full life insurance policy, It is typically considered supplemental coverage.