Life insurance is a contract in which a life insurance policyholder pays regular premiums in exchange for a lump-sum death benefit paid to the life insurance policyholder’s beneficiaries. The lump-sum benefit is paid when the life insurance policyholder either passes away or a specific amount of time has passed. Life insurance policies can provide financial security by replacing lost income and covering expenses. Whole life insurance, term life insurance, variable life insurance, universal life insurance and final expense life insurance are different types of life insurance policies. Watch these FinStream streaming videos for free to learn more about Life Insurance.