Common examples of life insurance include:
- Death
- Accidental Death
- Sickness
Life
insurance contracts tend to cover two major categories:
- Protection policies
provide a benefit in the event of a delineated event, typically paid in a lump sum. A common type of protection
policy is term insurance.
- Investment policies are policies that involve the growth
of capital by either regular or single premiums. Typical investment policies are whole life, universal life
and variable life policies.
