Confusing product life insurance
Navigating life insurance offerings can quickly feel overwhelming.
There’s term life, whole life, universal life, variable life — each with different rules, costs, promises, and hidden assumptions.
Some policies focus on pure protection for a set period, while others mix insurance with complicated investment features.
And unfortunately, many insurance sales pitches are designed to emphasize benefits while quietly burying costs, limitations, and trade-offs.
Without a clear understanding of what you really need, it’s easy to end up overpaying for something more complex than necessary.
Types of insurance you might need
Term Life Insurance
- Temporary Coverage
- No Cash Value – pure insurance protection
- Low cost, simple
Whole Life Insurance
- Permanent Coverage (for your lifetime)
- Guaranteed cash value accumulation
- Fixed premiums and guaranteed death benefit
Universal Life Insurance
- Flexible permanent coverage
- Adjustable premium, death benefit, and cash value.
- Can include:
- Traditional Universal Life (interest based)
- Indexed Universal Life (IUL) – tied to stock market
- Variable Universal Life (VUL) – invested in market funds