1. 1. General Life Insurance Policies and How to Select the Right Insurance Policy There are many methods you can now use in order to obtain a general life insurance premium. You can surf the net and look around for the ideal general life insurance policy while remaining totally anonymous taking your time to seek out the ideal policy for you and your family. Before you make any commitment or get a free quote it is advisable to have an idea what exactly is involved in each policy. The three basic types of insurance policy are Term Life, Whole life and Universal life. It is important you take the time to discover what exactly each type of insurance offers and what is required from you in the way of premiums. Term Life Insurance This is the most popular and often the most affordable policy as it can be taken out over a set time frame (term) often set to 5 years or 10 years. This is often a temporary plan that enables you to update after the time has elapsed. While term life insurance is an attractive policy due to its reduced costs you need to consider that it does not accrue a cash value. When you are no longer paying (term has been finalized) there is nothing to show for this policy, as there is no build up of equity. Whole Life this is permanent insurance that lasts the life time of the insurer (you). It has a permanent fixed premium that you pay for the rest of your life. Whole life insurance has a cash in value you can even take out a loan against its accrued value. Participating and non participating are the two types of whole life insurance. Whole life participating insurance earns a dividend and this will given time pay the premium for you, thus making this general life insurance policy self sustaining. Whole life Non-participating insurance produces no dividend, but premiums will often only be due for a set number of years. Universal insurance also a permanent insurance having flexible premiums alongside more flexible death benefit amount. This amount is governed by the performance of the investments. This premium is also a way to generate a significant savings account. You need to consider all these things when you do research for the general life insurance policy that suits you. For a service that is totally free and so easy to understand please visithttp://generallifeinsurance.org/You can find plenty more easy hints and tips on how to find the best general life insurance premiums to suit you here General life insuranceGeneral Life Insurance Policies and How to Select the Right InsurancePolicy