What are the Different Types of Life Insurance Policies
- Independent Brokers of Orlando
- May 13
- 1 min read
Life insurance is one of the most important financial tools you can have.
Whether you’re protecting your family, building long-term wealth, or planning for final expenses—there’s a policy designed for your needs.
Let’s start with the basics. Different Types of Life Insurance policies?
Term Life Insurance is the most affordable option. It covers you for a set number of years—like 10, 20, or 30. If something happens to you during that time, your family gets a tax-free payout. It’s simple protection, often used to cover big expenses like a mortgage or raising children.
Whole Life Insurance offers permanent coverage that lasts your entire life. It also builds cash value over time, which you can borrow from for major needs like buying a home or supplementing retirement income.
Final Expense Insurance, also known as burial insurance, is a smaller whole life policy meant to cover funeral costs and other end-of-life expenses. It’s popular for those who want peace of mind and don’t want to burden their loved ones.
Some policies even offer living benefits, which can help you access part of your coverage while you’re still alive in case of a serious illness or disability.
We’ve created individual explainer videos for each of these options.
Just check the dropdown menu under “Life Insurance” to learn more about what fits your situation.
And when you’re ready to speak with someone who can guide you step-by-step, just click below, fill out our quick intake sheet, and schedule your free consultation.
At Independent Brokers of Orlando, we’re here to help you protect what matters most—your life, your family, and your future.
