Indexed Universal Life

Indexed Universal Life insurance policies can help you to build wealth while leaving behind a death benefit for your loved ones. Has a cap and floor.

Permanent

Yes

Premiums

Remain the

same

Pros

• Higher return potential

• Greater flexibility

• Tax-free capital gains

• Cash accumulation

• Death Benefit

Cons

• Caps on returns

• No guarantees

• Fees

Whole  Life

Whole life insurance also know as "permanent insurance" is the most widely purchased type of life insurance in the U.S. today, according to American Council of Life Insurers.

Permanent

Yes

Premiums

Remain the 

same

Pros

• Permanency

• Predictability

• Tax breaks

• Cash accumulation

Cons

• Higher cost

• Smaller death benefit

• Lack of investment control

Term Life

Term Life insurance is a type of life insurance that guarantees payment of a stated death benefit if the covered person dies during a specified term.

Permanent

No

Usually 10-30yrs

Premiums

Remain the 

same for the term, then increase based on older age

Pros

• Lower Cost

• Potential to convert into Whole Life

Cons

• Not permanent

• No cash accumulation