Whole life insurance; Variable life insurance; Indexed universal life insurance. Term life insurance differs from these in that it only has a death benefit and doesn't include a cash value. Term life insurance also ends after a set amount of time (the term) while permanent policies stay in effect as long as the premiums are paid. read more
Whole life insurance is a good choice for you if you want to ensure that you have a life insurance policy in place for your entire lifetime and can comfortably afford the premiums, or if it fits within the framework of your estate or retirement plan. read more
For example, if you have a universal life insurance policy with a $200,000 death benefit and $100,000 in cash value, your goal is to completely empty the cash value and boost the death benefit to $300,000. read more