The third type of life insurance is a product called “Universal Life” and today we will discuss how it differs from traditional “Whole Life” insurance.

We talked last about term insurance which only pays a claim upon death and will terminate at a certain age without paying any benefit if the insured “outlives” the policy.

Over the next weeks we are going to talk about life insurance and how we can employ it to fulfil a need.
 

Major life events bring changes that often call for a review of your financial plan.