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What are the different types of life insurance and how do they differ?

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What are the different types of life insurance and how do they differ?

My query is from Insurance topic

I have been asked this question during an online exam.

Other related questions to my question are:-

What are the different types of life insurance policy?

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What are the 3 main types of insurance?

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The correct answer by me is: The main two categories of life insurance are term life insurance (which lasts for a set term) and permanent life insurance (which never expires). Whole, universal, indexed universal, variable, and final expense are all types of permanent life insurance.

The title of my answer can be Types of Life Insurance | Policygenius

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