What is the difference between term life insurance and universal life insurance 2024?
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Works at Tesla, Lives in Palo Alto, CA
Term insurance is what most people call "pure insurance". It only pays if you die. Universal insurance has a cash value that builds up as you pay premiums. Premiums are higher than term insurance because of the savings component.
2023-05-17 11:59:45
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Zoe Allen
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Term insurance is what most people call "pure insurance". It only pays if you die. Universal insurance has a cash value that builds up as you pay premiums. Premiums are higher than term insurance because of the savings component.