Q Should I get term or permanent life insurance? [What are the different types of life insurance?]
Term life insurance gives your beneficiary a death benefit if you die during a certain period of time, such as 10 years. Permanent life insurance offers a death benefit no matter when you die, in addition to a savings portion that can build cash value, but is more expensive. The policy that’s right for you depends on how long you need coverage and your insurance objectives.