Permanent life insurance packages vary from provider to provider but they generally follow a standard taking the following forms. Whole life, which ca be considered as the most conservative type of life insurance for it offers the most guarantees. The companies who offer them are mutual life insurance company. It is the most simple for you only have to worry about monthly premium payments. Universal life is another type which is similar to permanent but has some built in flexibility where you can adjust premium payments in accordance with your needs and some other special features. Variable life insurance is the most flexible yet has many factors that can make of break the said investment. But from all the three, the last has the highest potential for returns in your ionvestments.