With a universal life insurance policy, you’ll get coverage that lasts throughout your lifetime together with the flexibility to tailor your coverage—and your premiums—to fit your changing life.
A whole life insurance policy gives you protection for life—and a premium that will never increase—plus the tax deferred buildup of cash value that you can borrow against.
Term life insurance provides coverage for a specific period of time—10- , 20- or 30 years—at a set cost that’s guaranteed not to increase for the term.