There are two basic types of life insurance to protect your family, assets, and future.
Term: Where you pay for a certain period of time (10, 15, 20 years, etc.). This is typically used for paying of mortgages, debts, or until children have graduated. Term insurance is more affordable than permanent and no cash value.
Permanent: Usually whole life or universal life which covers the rest of your life. It has a cash value and may have a long-term care rider.
Thank you for contacting Blair Insurance Services, Inc.