Trying to decide on life insurance policy. Need help. : LifeInsurance

In a nutshell:

Whole life has more guarantees. You’ll pay a set premium with no risk of lapse and a guaranteed growth of the value in the policy.

Standard UL has a higher upside but less guarantees.

IUL has the highest upside in good markets and a minimum floor in bad markets.

Ask your agent for an illustration where the premium inputs are the same for the three then you can compare performance.

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