The conversation between human and AI assistant.
Which life insurance is the best?
What are the key differences between these policies?
Term life insurance provides coverage for a specific period of time, usually 10-30 years, and is generally the most affordable option. Whole life insurance, on the other hand, provides coverage for a person's entire life and may include an investment component. Universal life insurance is similar to whole life insurance, but allows for more flexibility in premium payments and death benefits.