There are two main types of Life Insurance you can access – group or individual: 1.Group Life Insurance - Many companies offer some form of life insurance for their employees, usually a term life insurance policy, as part of their employee benefits. In this case you are getting life insurance protection as part of a group and the cost for the policy is deducted directly from your wages. To qualify you usually only have to complete a short questionnaire about your health, making the life insurance policy easy to access. You can also often choose to add benefits such as medical or dental coverage. 2. Individual Life Insurance - With an individual life insurance policy you or another family member will own the policy, and you will likely have to undergo some form of medical examination before being approved for coverage. You’ll also need to provide a detailed record of your health and family health history. The benefit of an individual life insurance policy is that you can tailor it to meet your specific needs and then take it with you when you change jobs. You will be paying level premiums for the duration of your term, and you may have the option to change a term life policy into a permanent life insurance policy. Compare term life insurance versus permanent life insurance.