Life Insurance There are two main types of Life Insurance:Term Assurance
& Whole of Life or Endowment Policies What is the difference
between Term Assurance and Whole of Life or Endowment policies? The
simplest answer to this question is that term insurance provides
protection against death during a specified period and whole of life
insurance provides protection against death at any time. ... Whole of
life insurance will always result in a payment. How much that payment is
depends on what type of policy it is and the performance of any
investments within the policy.