InsuranceQuoteToolkit

Life

Life Insurance 101

Two main types: term and permanent.

Term Life Covers a specific period (10–30 years). Low premium, large death benefit. Right for most working households.

Permanent (Whole / Universal) Lasts your lifetime and builds cash value. 10–15× more expensive than term. Appropriate for estate planning or lifelong dependents.

How much Use our calculator. A common rule: 10× income, adjusted for dependents and debt.