Each type of life insurance has its own benefits and drawbacks, and policyholder preferences and circumstances make certain features more important to some individuals than to others. The following table shows statements about life insurance policies. Indicate which policies address the concern or desire expressed by each statement. Check all that apply. Term life insurance Whole life insurance Universal life insurance I'd like to be able to review the investment portion of my plan separately from the portion that is purely insurance. D O o I only need life insurance until my kids graduate from college. D I'm worried that my health might decline and want to secure a steady premium that won't be contingent on passing medical exams in the future. DO O If I decide to cancel my policy while I'm still alive, I want access to the cash value