Universal Life vs. Whole Life Question
Posted in Whole Life Insurance 26 days ago, 2 replies
What is the difference between universal life, whole life and term life?
submitted by Philipp in New York
Posted in Whole Life Insurance 26 days ago, 2 replies
What is the difference between universal life, whole life and term life?
Thanks. I also just found your chart about all the differences.
Whole life has a guaranteed cash value and a guaranteed death benefit. Universal life does not have a guaranteed cash value but does have a guaranteed death benefit. This can vary among carriers. Term insurance has no cash value but does have a guaranteed death benefit.