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What are the differences in life insurance types?

 
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JPowell



Joined: 22 Jan 2010
Posts: 38
Location: PA

PostPosted: Mon Jan 25, 2010 4:52 am    Post subject: What are the differences in life insurance types? Reply with quote

I had no idea there were so many types of life insurance (Whole Life, Variable Life, Universal Life and Variable Universal Life)!

What's the difference between them all? I always thought of life insurance purely as a stack of money that was given to your beneficiary if you die to cover expenses and then keep the excess.

Clearly there's more to it than that though...
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