There are two basic types of life insurance: term insurance and permanent cash value insurance. Term insurance generally has lower premiums in the early years, but does not build up cash values that you can use in the future. You may combine cash value life insurance with term insurance for the period of your greatest need for life insurance to replace income.
It makes sense to consult with a life insurance agent. An agent can explain what policy features are best suited to your needs.
This article is intended to be helpful and informative. But even common legal matters can become complex and stressful. A qualified life insurance lawyer can address your particular legal needs, explain the law, and represent you in court. Take the first step now and contact a local life insurance attorney to discuss your specific legal situation.