universal life insurance

If you're thinking about buying life insurance, there are several policies to consider including a universal life insurance policy or cash value policy and term life insurance. With a universal life insurance policy, you pay over time and part of the premium goes into a savings plan with little value unless you stick with it for the long run. With term life insurance, you pay a smaller yearly premium for a certain length of time. Because term life insurance costs less, it offers more of an opportunity to save on your own.