I want to purchase a life insurance policy but I'm not sure which type of life insurance will be right for me.

There are two type of life insurance policies - Term and Permanent.

Term is temporary life insurance for a period of 1 to 30 years. Most term life policies provide coverage for a "term" of 10, 15, 20 or 30 years. So, if your need for life insurance is for 30 years or less, then term life insurance may offer you the most affordable option.

Permanent (whole) life insurance provides guaranteed life insurance protection for your entire lifetime. It does cost a lot more than term life insurance, but you have life insurance coverage as long as you continue to pay your life insurance premiums.

So, it really depends on your goal for your life insurance plan - what do you want your life insurance to accomplish and how long do you have a need for life insurance?

Here's how you can learn more about Whole versus Term Life Insurance.