Universal life insurance and whole life insurance are both forms of permanent life insurance, but there are several differences between the two types. Universal life insurance is more flexible, notes Investopedia. This m... More »

www.reference.com Business & Finance Insurance

Whole life insurance plans come with a guaranteed accumulation of cash value and unchanging premiums, whereas universal plans include customizable death benefits, savings and premiums. Whole life insurance offers protect... More »

www.reference.com Business & Finance Insurance

Universal life insurance is a type of policy where a person is allowed to choose a premium and the benefit. It allows a person to opt for a long-term/permanent protection with a lower premium. More »

www.reference.com Business & Finance Insurance

A 20-payment whole life insurance policy is a type of limited payment whole life insurance where premiums are paid over a shorter period of time, according to the New York State Department of Financial Services. Under th... More »

The main difference between term and whole life insurance is the length of the policy. Other lesser differences include the price, cash value accumulation and the length of the premium guarantee. More »

www.reference.com Business & Finance Insurance

When deciding between term life insurance and whole life insurance, the individual should consider his current financial needs as well as his long-term financial objectives in regards to providing for his dependants and ... More »

www.reference.com Business & Finance Insurance

Unum offers term life insurance, whole life insurance and universal life insurance. Term life insurance provides coverage for only a specific period, whole life insurance is coverage that is consistent through retirement... More »

www.reference.com Business & Finance Insurance