Compare Life Insurance Types

Explore term, whole, universal, variable, and final expense insurance to find the right fit.

Insurance Type	Monthly Cost	Coverage	Duration	Savings Component	Flexibility	Best For	Pros	Cons
Term Life	$20–$50	$100K–$2M	10–30 years	None	Low (fixed term, premiums)	Families, young professionals	Affordable, high coverage, simple	No cash value, expires after term
Whole Life	$200–$500	$50K–$1M	Lifelong	Yes, grows at 1–3%	Low (fixed premiums)	High-income, estate planning	Lifelong coverage, cash value	High cost, slow cash value growth
Universal Life	$100–$400	$50K–$1M	Lifelong	Yes, flexible growth	High (adjustable premiums)	Flexible premium seekers	Flexible payments, cash value	Complex, higher fees
Variable Life	$200–$600	$50K–$1M	Lifelong	Yes, market-based	Moderate (investment choices)	Risk-tolerant investors	Potential high cash value	High risk, complex
Final Expense	$50–$150	$5K–$25K	Lifelong	Sometimes, minimal	Low (fixed premiums)	Seniors for funeral costs	Easy to qualify, covers burial	Low coverage, high cost per dollar

Note: Costs are for a healthy 30-year-old non-smoker; actual rates vary by age, health, and insurer.

Life Insurance Guides: Your Path to the Right Policy

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