management 5

extension of your health insurance coverage if you leave a job

very expensive

money taken out of your paycheck, pre tax, that can be used for co pays, deductibles and prescriptions

term

universal

whole

provide a lump sum in the event of death, coverage for a limited number of years

pay specific unchanging premium that provides coverage for a specific number of years

does NOT accumulate cash value

provide permanent insurance coverage with a greater flexibility of premium 

more expensive than term and includes a cash value 

growth of cash is not fixed becuse no set schedule of payments

most expensive 

guranteed death benefits and cash values and fixed annual premiums

cash can be accessed at any time through loans 

private loans 

parent PLUS