There are many factors you’ll want to consider when choosing the type of life insurance that’s best for your needs. What do you want in terms of death benefits, tax advantages and flexibility?
The three main types of life insurance
A quick comparison
Use this chart to get an overview of the differences between these types of life insurance and see which one might best meet your needs. An advisor can walk you through your options and discuss the right type for you.
|Dependent on Investment Performance||No||No||Yes|
|Death Benefit||Yes, within term only||Yes||Yes|
|Cash Value||No||Yes, flexible||Yes, flexible|