Below is a brief, general overview of some types of insurance coverage that could provide a death benefit.

Term Life Insurance

Term life insurance provides a death benefit to the people you choose (your beneficiaries) if you were to pass away during a set duration of time (the term). Many people choose this kind of insurance to help ease the financial burden on their family associated with the loss of their income.

Term life insurance covers both accidental death and death caused by illnesses. It is often medically underwritten and may require a physical exam. Term life insurance tends to get more expensive to purchase as you age.

You can apply for a term life insurance policy from Fabric.

Accidental Death Insurance

When you’re 25-44, the single greatest risk to your life is accidental death, according to the CDC. This kind of insurance is built specifically for that. Accidental death insurance tends to be affordable and, because it is guaranteed issue and the insurance provider doesn’t need to take your health into consideration, it can be purchased extremely quickly.

Accidental death insurance covers death due to accidents only, and not illness-related death. Be sure to review any exclusions prior to purchase.

Whole Life Insurance

Whole life insurance is a product that offers coverage for the entire life of the policyholder. Its premiums include a mix of insurance and investment components, the latter of which builds accumulated cash value that can be borrowed against or withdrawn before you pass away. Compared with term life insurance, whole life insurance policies are more expensive and complex. Certain fees and expenses can reduce the cash value.