After months of talks with the government, several major life insurers are set to get a bailout which will total around $22 billion according to the Wall Street Journal.
Also: Ameriprise Refuses Bailout Funds
Quote: AMP

The first type of permanent life insurance that we look at is universal life insurance. Universal life insurance is also called adjustable life insurance. Remember that, with permanent life insurance, some of your premium is invested. Features of universal life include:

A policy rider is a provision or modification to an existing insurance policy that provides additional coverage to an insurance policy. Generally, policy riders are sold separately from insurance policies.

Variable life insurance is similar to universal life insurance. As the cash value of your policy accumulates, you can modify your policy's death benefit.

Term life insurance policies are sold for a specific number of years. Ten- and 20-year terms are the most common. The "term" in term insurance means the following:

Life insurance provides payments to your beneficiaries that replaces some or all of your income if you die during the coverage period. These payments make up what is called a death benefit.

The two main categories of life insurance are term and permanent life insurance. Term life insurance policies are sold for a fixed number of years that matches your needs. Term life policies are often sold for terms of 10 or 20 years.

Whole life insurance is also called ordinary or straight life insurance. With whole life insurance, you pay a level premium over the life of the policy. The amount of your death benefit is also fixed.

A death benefit is the payment you receive as a beneficiary of a life insurance policy. Paid as a lump sum or annuity, this benefit can be fixed or variable, include a cost of living adjustment and may or may not be taxed.