Life Insurance is offered in two styles, Universal Life Insurance, which accumulates a cash value and is permanent and Term Life Insurance, which is a policy that ends at a specific time period. Term Life Insurance is generally less expensive than Universal Life Insurance because you cannot borrow money from it and because it ends at a predetermined age. Universal Life Insurance is more expensive it builds cash value that you can borrow against should you need to. However the general principle is that if you took the money you would pay to a Universal Life Insurance Policy and invested it, it will generally earn you more than the cash value of the Universal Life Insurance Policy. Most experts will tell you that unless you have invested as much money in other ways as you would like Universal Life Insurance is not as good an investment as a solid Term Life Insurance policy. If you are in the market for a Life Insurance policy you should shop around but make sure you go with a company you can trust.

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