Skip to Top Main Navigation Skip to Content Area Skip to Footer
Texas Department of Insurance
Topics:   A B C D E F G H I J K L M N O P Q R S T U V W X Y Z All

August 2023

Life insurance can help


A young family

If your loved ones financially depend on you, you might want to buy life insurance.

Proceeds from a life insurance policy can cover burial expenses. And beneficiaries could use the money to help pay mortgage or tuition costs.

Some policies provide benefits to you while you are alive.

There are two basic types:

  • Term life insurance is the simplest and least expensive. It covers you for a set number of years—until age 60, for instance.
  • Permanent life insurance provides coverage throughout your life as long as you pay your premiums. These policies are complex, so it’s a good idea to talk with a financial planner.

Need to track down a missing life insurance policy? You can search for a policy or annuity through the National Association of Insurance Commissioners.

Have a question about insurance? Call the Texas Department of Insurance at 800-252-3439 or visit