Choosing between universal life vs term life can be very confusing and will put you in a dilemma. Depending on your needs, one can choose a universal life insurance which extends far into the future, more than the benefit you can get after a loved one’s death.
You can also choose the term life insurance which can cover you or your family for a certain period of time. To avoid confusion, one must determine their needs and capabilities to pay for the policy. One must look ahead, making sure that their family won’t be burdened with unpaid bills or unfinished business.
Once the needs are identified, you can decide whether you take the universal life insurance or just be covered for just a few years.
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