Which type of life insurance is commonly sold by home service insurers?

Home service insurers typically focus on providing smaller face amount policies that are easily accessible to a wide range of consumers. Industrial life insurance is specifically designed to cater to this market. It is characterized by lower premium amounts, often collected on a weekly basis at the policyholder's home. This convenience aligns with the target demographic of home service insurers, which includes individuals who may prefer face-to-face interactions and flexible payment plans.

Term life insurance generally covers a specific period and does not build cash value, making it less appealing for the typical clientele of home service insurers looking for permanent coverage. Whole life insurance provides lifelong coverage with a savings component but is usually associated with higher premiums compared to industrial life insurance. Universal life insurance, which allows more flexible premium payments and adjustable coverage, is also not as common in the home service model where simplicity and consistent payment schedules are prioritized.

Thus, industrial life insurance is the type of life insurance that fits perfectly with the product offerings of home service insurers, emphasizing convenience, lower costs, and accessibility for policyholders.