Life insurance products compared
Explore the different life insurance products and their key attributes in the table below to find the right fit for you:
Type | Coverage Period | Cash Value Component | Flexibility | Target Demographics | Common Use Cases |
|---|---|---|---|---|---|
Term Life | Fixed term (e.g., 10, 20, 30 years) | No | Low | Young families, those with mortgages | Income replacement, debt coverage |
Whole Life | Lifetime | Yes | Low | Long-term financial planners | Wealth transfer, investment |
Universal Life | Lifetime | Yes | High | Those seeking flexibility | Investment, adaptable coverage |
Family Income Benefit | Fixed term | No | Low | Families with dependents | Regular income for family |
Joint Life | Lifetime or fixed term | Possible | Low | Couples | Income replacement for spouse |
Over-50s Plans | Lifetime | No | Low | Individuals over 50 | Funeral costs, small legacy |
Group Life | Employment duration | No | Low | Employees | Supplemental coverage |