Universal life insurance is a type of permanent insurance. Permanent life insurance policies provide death benefit coverage immediately, plus build up cash value over time.Term life insurance policies are temporary and provide death benefits only.There are 2 main types of life insurance: It is also a crucial component of estate planning. Life insurance helps protect the financial security of the people who matter most, should something happen to you. It helps protect your finances when you're faced with health challenges, and helps safeguard your family's quality of life after you're gone. Insurance is the foundation of your plan for a secure financial future.
