Explore the advantages of guaranteed universal life insurance and how it’s the most affordable permanent coverage available.
Discover how term life insurance from New York Life can protect you, and learn about converting to permanent coverage such as whole life insurance.
Level term life insurance More common than annual renewable term insurance is guaranteed level premium term life insurance, where the premium is guaranteed to be the same for a given period...
Term life insurance is a guaranteed life benefit paid to the insured's beneficiaries after death. Policies last for a specified term, usually 10, 15, 20 years or more.
Guaranteed level term life insurance is an affordable way to get significant coverage for a set period, ranging from 10-, 15-, 20- or 30-year terms.
Term life insurance covers a certain number of years; permanent life insurance continues for your lifetime, provided you pay the agreed premiums.
Key Takeaways: ; Whole life is the more expensive, but predictable, permanent life insurance option. ; Universal life, by contrast, gives you more flexibility in your premium, but may not provide as much of a return for cash value. ; Premiums for whole and universal life insurance policies are typically more expensive than those for term life insurance.
Guaranteed issue life insurance is a small whole life insurance policy with no medical questions or exam.
Term life insurance guarantees payment of a death benefit if the person insured passes away within a certain number of years. Learn how it works and alternatives.
Whole life insurance is permanent life insurance that pays a benefit upon the death of the insured and is characterized by level premiums and a savings component.