← Club Life

Term, Whole & Universal Life

The right life insurance depends on your age, your family, and your goals. We help you understand each option and find the best fit — at no cost to you.

Term Life

Coverage for a defined period.

Term life provides a death benefit for a set number of years — typically 10, 20, or 30 years. When the term ends, so does the coverage (though many policies offer renewal or conversion options).

Best for:
  • → Young families with a mortgage
  • → Parents protecting dependent children
  • → Anyone who wants maximum coverage at lowest cost
  • → Business owners covering key person risk

✓ Lowest monthly premium of any life insurance type

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Whole Life

Permanent coverage with cash value.

Whole life insurance lasts your entire life (as long as premiums are paid). It also builds cash value over time that you can borrow against or withdraw. Premiums are fixed and guaranteed never to increase.

Best for:
  • → People who want lifelong coverage guaranteed
  • → Estate planning and wealth transfer goals
  • → Those who want a forced savings component
  • → Business owners funding buy-sell agreements

✓ Premiums never increase. Coverage never expires.

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Universal Life

Permanent coverage with flexibility.

Universal life (UL) offers permanent coverage like whole life, but with more flexibility — you can adjust your premium payments and death benefit within certain limits as your life circumstances change.

Best for:
  • → People whose income fluctuates
  • → Those wanting permanent coverage with payment flexibility
  • → Long-term coverage with adjustable death benefit

✓ More flexible than whole life while remaining permanent.

Comparing your options

Feature Term Life Whole Life Universal Life
Coverage period10–30 yearsLifetimeLifetime
Monthly premiumLowestHigherFlexible
Builds cash value✅ Guaranteed✅ Variable
Premium flexibility❌ Fixed❌ Fixed✅ Adjustable
Death benefit flexibility
Best for budget-conscious buyers✅ BestModerate
Best for estate planning✅ Excellent✅ Good

Not sure which type is right for you?

We'll walk you through your options in a single conversation — no pressure, no fees.