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Term vs. Universal Life Insurance: Which Is Better for Me?

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.

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This content is for informational purposes only and may not be applicable to all situations.

Life insurance offered through Allstate Life Ins. Co. & Allstate Assurance Co., 3075 Sanders Rd, Northbrook IL 60062; American Heritage Life Ins. Co., 1776 American Heritage Life Dr., Jacksonville FL 32224. In New York, life insurance offered through Allstate Life Insurance Company of New York, Hauppauge NY. ©2018 Allstate Insurance Company, Northbrook, IL.
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