Life Insurance
What is Life Insurance?
Life Insurance is offered in two styles, Universal Life Insurance, which accumulates a cash
value and is permanent and Term Life Insurance, which is a policy that ends at a specific time period. Term Life Insurance is generally less expensive
than Universal Life Insurance because you cannot borrow money from it and because it ends at a predetermined age. Universal Life Insurance is more
expensive it builds cash value that you can borrow against should you need to. However the general principle is that if you took the money you would
pay to a Universal Life Insurance Policy and invested it, it will generally earn you more than the cash value of the Universal Life Insurance Policy.
Most experts will tell you that unless you have invested as much money in other ways as you would like Universal Life Insurance is not as good an
investment as a solid Term Life Insurance policy. If you are in the market for a Term Life Insurance policy you should shop around but make sure you go
with a company you can trust. The companies on this page are some of the most reputable in the business.
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