Term Life InsuranceĪ term life policy is the easiest to understand versus other life insurance policies. On the other side of the coin is permanent life insurance which provides permanent death benefit protection and cash value growth in the policy. There are different types of life insurance policies available, ranging from term life insurance, which is pure death insurance, providing no cash value but purely death benefit protection. For more info please check out our pros and cons article for a deeper dive into the subject. The following article will repeat many of the benefits and potential pitfalls listed in that article. We have already written a comprehensive review on indexed universal life insurance pros and cons. The following article we will help shed some light on which companies offer the best IULs, what are the many benefits indexed universal life provides, as well as list some of the potential pitfalls you should be aware of.
