Compare
Every coverage type, side by side.
A plain-language comparison so you can narrow it down before we ever talk. Nothing here is a recommendation — your situation decides the answer.
| Feature | Term Life | Whole Life | Indexed Universal Life | Final Expense | Mortgage Protection |
|---|---|---|---|---|---|
| How long it lasts | 10–30 years | Lifetime | Lifetime, if funded | Lifetime | Length of the loan |
| Relative cost | Lowest | Highest | High, flexible | Low premium, high per dollar | Low |
| Builds cash value | No | Yes, guaranteed | Yes, not guaranteed | Small amount | No |
| Premium flexibility | Fixed | Fixed | Flexible | Fixed | Fixed |
| Typical coverage | $100k – $1M+ | $25k – $500k | $100k – $1M+ | $5k – $50k | Loan balance |
| Medical exam | Often optional | Sometimes | Usually | No | Often optional |
| Best for | Replacing income while kids are home | Guaranteed lifetime coverage | Flexible premium schedules | Ages 50 to 85 | New homeowners |
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