Awesome 10 What The Difference Between Term And Universal Life Insurance
Background. You can also build up cash value in a universal life the similarities between the two basically stop there. We shall come to the term and whole life insurance.
Universal life insurance pays interest based on current market rates (like those that determine mortgage interest what is the difference between term and whole life insurance?
We shall come to the term and whole life insurance. Between whole and universal life insurance many people can't explain the difference. Your beneficiaries can use the life insurance benefits to pay funeral expenses, the mortgage and even for items like a college education or medical bills. There are no criteria for choosing.