Comparison of Life Insurance Policies

Life insurance policies are complicated things. They use terms and provisions, that are nothing more than legalistic mumbo-jumbo to most of us. Added to this is the fact that there seem to be countless types and varieties of these policies.

The materials that follow present a summary comparison of the most common forms of term, cash value, and specialized and hybrid policies in a tabular format. Although we have tried to hit the high points of the most common types of in use, please note that various insurance companies primarily for marketing reasons create their own names for specific variations of the general insurance types noted here. If you have such a policy, you should be able to find somewhere in the first couple of pages a description of what type of policy it is.

Here is a listing of the policy types that we compare:

Term policies

Cash value policies

Selected specialized/hybrid policies