If you’re considering investing in life insurance, there might be a few things you want to consider before making any purchases.

First, you’ll want to consider if you want term or permanent insurance. Term insurance covers things you would need to have paid for within the term of the insurance, typically 20 to 30 years.

Permanent life insurance, on the other hand, pays for things that you’ll need after you pass away, such as funerals or inheritance. Permanent insurance gains cash value that can be accessed after a period of time.

Image via USA Today.