Life insurance policies can vary enormously and the jargon surrounding the industry is not always the easiest to understand.

Despite Black Americans being more likely than other racial groups to depend on life insurance to cover their important expenses, it has been found that white families have significantly larger ...

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 ...

In its most basic form, life insurance is a contract between the policyholder and an insurance company that provides a cash payout to a named beneficiary if the policyholder dies under covered ...

Many types of life insurance are available, but not all will fit your financial goals Written By Written by Insurance Senior Editor, Buy Side Amy Danise is the staff Senior Insurance Editor for Buy ...

There are two main types of life insurance: term and permanent. Term life insurance is typically more affordable than permanent life insurance because it is only active within a set period. Most ...

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 ...

A straight life insurance policy is more commonly known as whole life insurance since it’s designed to last the policyholder’s lifetime. The premium does not change and beneficiaries typically receive ...

Mortgage life insurance, also known as mortgage protection insurance (MPI), is designed to pay off your mortgage when you die. Some MPI policies also offer coverage for a limited time if you lose your ...

Life insurance is an essential financial tool that provides protection and financial security to your loved ones in case of your death. By purchasing this type of policy, you're ensuring that your ...

Life insurance provides many American families with an important financial safety net. The life insurance industry is large, ...