Guaranteed protection for a
set time period, generally
between 10 and 30 years with Lower premiums during the
Most basic type of permanent
insurance. It offers guaranteed death benefit with level premiums for the life of
the policy. Also, cash values once
Very similar to whole life with higher cash growth potential, a portion of the premium goes into cash value & earns current interest rate. Premiums and death benefits can be customized, and cash value is tax-deferred.