Life Insurance
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LIFE INSURANCE COMPARISON CHART |
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| TERM | WHOLE | UNIVERSAL | |
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| LENGTH | Lasts for a set period of time (1, 5, 10, 15, 20, 25, 30 years). | Goes from the date of issue to age 100 or insured's death. | Provides permanent protection. |
| FEATURES | Fixed benefit for a fixed period of time. May include Return of Premium. | Predictable benefit and cost. Includes cash values. May include payments for a limited number of years with insurance continuing there after. | Flexible benefit and cost. Can be structured with an almost unlimited variety for payment periods, projected cash value and benefit amounts, and can be changed as needs and objectives change. |
| PRICE | Generally the lowest cost for a fixed period of time. | Usually fixed for the term of the contract. | May vary widely depending on insured's objectives. |
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This is general information that may not match all products offered in each category. |
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