A life insurance policy is an agreement between you and an insurance company. If something happens to you, it pays money to the people you choose, usually your family. Full definition
You can purchase term life insurance policies for terms of one to thirty years. (compuquotes.com)
These types of life insurance policies consist of whole life insurance, universal life insurance, variable life insurance and variable universal life insurance. (lifeinsurancehub.net)
Guaranteed acceptance life insurance, is a type of whole life insurance policy with a limited death benefit. (valuepenguin.com)