A
Accidental Death and Dismemberment Insurance (AD&D) – A type of life insurance that pays out benefits in the event of accidental death or severe injury.
F
Final Expense Insurance – A type of life insurance designed to cover funeral and burial expenses.
G
Group Life Insurance – A type of life insurance that provides coverage to a group of people under a single contract, often offered through employers.
I
Indexed Universal Life Insurance – A type of universal life insurance that offers a cash value component tied to the performance of a stock market index.
M
Mortgage Protection Insurance – A type of life insurance that helps pay off a mortgage in the event of the insured person’s death.
S
Survivorship Life Insurance – A type of life insurance that covers two individuals and pays out the death benefit after both insured persons have passed away.
T
Term Life Insurance – A type of life insurance that provides coverage for a specific term or period.
U
Universal Life Insurance – A type of life insurance that combines a death benefit with a savings component.
V
Variable Life Insurance – A type of life insurance that allows policyholders to invest their premiums in various investment options.
W
Whole Life Insurance – A type of life insurance that provides coverage for the entire lifetime of the insured person.