Term Life InsuranceTerm life insurance is probably one of the most popular forms of life insurance. In exchange for a premium that stays the same for a specific period, you get a tax-free death benefit. That way, if something happens to you, your family can continue to pay for the things your income provided with help from the benefits of your term life insurance policy.
Whole Life InsuranceWith fixed-level premiums and conservative accumulation, it’s easy to understand how your whole life insurance policy works and there’s no worry that it’ll lose value.
Variable Universal Life InsuranceWith variable universal life insurance, you can make changes to your coverage as your needs change, and you may have flexibility in your payment amounts as long as there is sufficient cash value to cover monthly charges.
Life Insurance Comparison Chart
|Term Life Insurance||Whole Life Insurance||Universal Life Insurance||Variable Universal Life Insurance|
|Designed for low cost||yes|
|Access to your money||yes||yes||yes|
|Guaranteed cash value||yes||yes|