What am I comparing?
Start with your family’s needs. Then compare the differences.
Protection for a set time.
How long is the term? What happens when it ends? What would renewal cost?
Protection with policy values.
Which premiums and values are guaranteed in the contract? Which depend on future results?
Insurance plus an investment account.
How could insurance charges or investment results affect the funding needed to keep coverage in place?
*Permanent coverage continues while policy requirements are met. Diagrams explain structure, not returns or guaranteed outcomes.
Ask what happens if your budget changes, and review risks, exclusions and cancellation costs before deciding.
An appropriately licensed advisor can explain the trade-offs for your needs and budget.
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