Also, in the UK at least, there are Whole Life policies which pay out whenever you die regardless of any term. Once again under the covers there is an investmen

Also, in the UK at least, there are Whole Life policies which pay out whenever you die regardless of any term. Once again under the covers there is an investment plan based on how long you are likely to live. There are also plans which aim to pay off a mortgage, so the insured sum decreases. Term insurance is the nearest you get to other kinds of insurance - if nothing goes wrong there is no payout. However typically [1] I believe the insurer cannot cancel as long as you pay the premiums. [1] As always, check the contract!