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What are the different types of life insurance policy?

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What are the different types of life insurance policy?

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Other related questions to my question are:-

What are the different types of life insurance policy?

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

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What are the 4 types of insurance?

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Correct answer for this question is: There are two major types of life insurance—term and whole life. Whole life is sometimes called permanent life insurance, and it encompasses several subcategories, including traditional whole life, universal life, variable life and variable universal life.

The title of my answer can be What are the principal types of life insurance? | III

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