Coverage lasts for a specified length of time, like 10, 20, or 30 years. Term is the lowest cost policy type.
Coverage lasts until death or age 100. Whole life has a cash portion that earns interest and can be borrowed.
Coverage can be permanent or temporary, depending on how the policy is structured. Universal life can have a cash portion or not.
Term life that returns the sum of premiums paid to the owner at the expiration of the policy.
Term life that can be issued immediately with a few simple questions.
