Which type of life insurance provides benefits and is collected through agents visiting the insured's home?

Industrial insurance is designed to provide benefits for individuals, particularly those with lower incomes or in need of smaller face amounts. This type of insurance is often sold through agents who visit insured individuals at their homes, making it accessible and convenient for clients who may not have easy access to traditional insurance offices or who prefer the personalized service of an agent in their own home.

This model allows for the collection of premiums on a regular basis, often weekly, directly from the policyholder, which is characteristic of industrial insurance. Due to its focus on convenience and meeting the needs of a specific market segment, industrial insurance plays a unique role in the insurance industry, providing essential coverage to those who might not otherwise have access to life insurance products.

In contrast, term insurance is typically sold for a specific period and does not accumulate cash value, while whole life insurance provides coverage for the insured's lifetime and builds cash value but is not primarily home-delivered. Business insurance is aimed at protecting businesses rather than individual policyholders and does not fit the context of home visits for premium collection.