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6. Choosing the policy that meets your needs While each type of life insurance policy has its own benefits and drawbacks, individuals differing preferences and

6. Choosing the policy that meets your needs

While each type of life insurance policy has its own benefits and drawbacks, individuals differing preferences and circumstances mean that certain features are more important to some than to others.

In the following table, indicate which type of life insurance policy (or policies) addresses the concern or desire expressed by each statement on the left. Check all that apply.

Term Whole Universal
Id like to be able to review the investment portion of my plan separately from the pure insurance portion.
I only need life insurance until my kids graduate from college.
I want the face value of my policy to always be fixed.
If I decide to cancel my policy while Im still alive, I want access to the cash value.

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