By: Nathaniel Nevins | December 07, 2016

In order to make a good decision on the type of life insurance to buy to protect your family, you first need to know what options are available to you, what your objectives are, what pros and cons there are to each, and how much it will cost. Without proper education, we tend to make poor decisions. So let's start off with the first part; what options are available to you?

There are three main categories of life insurance with different types of life insurance falling into one of the three.


Term insurance is any type of life insurance that lasts for a specified period of time for a specified rate with a specified death benefit. It works much like auto insurance, in that if you don't make a claim it doesn't pay out. It is the least expensi...