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What are the difference in costs between Term Life Insurance and Universal Life Insurance

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Term Life Insurance vs. Universal Life Insurance There are many kinds of life insurance but generally they will fall into two types; term life insurance and permanent life insurance.  For an explanation of life insurance you can check out What is Life Insurance? Today, I wanted to explain in simple terms, excuse the pun, the difference between term life insurance and permanent life insurance, specifically universal life insurance (or UL for short).  Also, I’m going to show  you an example of the premiums (payments) for each policy. Term Life Insurance Term life insurance is inexpensive in comparison to permanent insurance, […]