Depending on the duration exist life insurance permanent and temporary, which in turn can be divided into other types of insurance.

Life insurance temporary

Those who have a limited duration. They can be:

·  Renewable offer the possibility of extending the deadline.

·  Fixed: guaranteed coverage for a period of time prescribed.

·  Decrecientes: capital insured is reduced as it moves the deadline. Compensation is diminishing.

·  Growing: the amount of coverage increases regularly The compensation is increasing.

·  Convertibles: allow the switch to permanent insurance without going through the review of compliance with those requirements.

Permanent Life Insurance

They are sure whose expiration date is not limited, ie have life. There are different types of permanent insurance:

·  Traditional: a secure strict regarding the payment of premiums and the amount of subsidies, which must always be provided in the policy.

·  Universal: it is more flexible than the traditional in terms of premiums as they are adjusted for income from insured or other criteria.

·  Variable: allows inversion of the insured savings in shares, bonds and other financial products, provided they belong to the investment portfolio of the insurer.