This calculator helps you determine which is better for you: term vs. universal life insurance. The calculator compares rates of return for term and universal life insurance policies for three periods:

Between now and when your term life policy expires.
Between now and when you collect full cash value for your universal life policy.
Between now and the time of your death.

Usually, universal life insurance policy premiums are higher than term life premiums at the outset. Term life premiums increase, however, generally overtaking the premium amount for universal life policies as you get older and have to renew your term life policy.