The two main types of life insurance cover are level-term insurance and decreasing cover insurance.
Level-term insurance covers people for a period of time and typically offers a fixed lump sum of money if they pass away during that time period.
Decreasing cover is a type of insurance that’s often (but not always) bought to clear a specified debt that itself decreases over time. This type of cover is often taken out to cover mortgage costs.
There are many other types of cover to think about, including critical illness cover and whole of life insurance.