which life insurance is most popular?

The most popular types of life insurance in the United States are term life insurance and whole life insurance. Term life insurance is a temporary policy that provides coverage for a specific period of time, typically ranging from 10 to 30 years. Whole life insurance, on the other hand, is a permanent policy that provides coverage for the entirety of the insured's life as long as premiums are paid. It also includes a savings component known as cash value, which can accumulate over time and be used for a variety of purposes such as borrowing against the policy or paying premiums.