The four types of life insurance that one can use vary in a variety of ways.

1. Commonly Used Forms of Life Insurance to See<br />A number of types of life insurance can be used as a means of helping you to protect your family. You should be aware of all four of these life insurance forms.<br />The basic type of life insurance that you can get is known as term life insurance. This insurance, which is also known as death cover, will pay an amount of money to your beneficiaries after your death. This works in that the money will be paid out a few days after your death in a lump sum amount. With this it will be easy for your beneficiaries to take care of your final expenses and other bills.<br />The second life insurance form is that of total and permanent disability, or TPD, life insurance. This is a form of life insurance where your beneficiaries will be paid in a lump sum if you are unable to work due to an injury or illness. This is a form of life insurance that is not going to be paid out immediately. It will be paid out months after the injury or illness occurs.<br />Income protection insurance is the third life insurance form to use. This form works in that a part of your salary will be paid for you in the event that you become injured or ill and cannot work. This works thirty days after you become unable to work. In addition to this you will be expected to return to work after a while.<br />The last type of life insurance life is trauma insurance. This is a lump sum life insurance form that covers specific injuries and illnesses. It is more expensive than other forms though.<br />