Comparision of Life Insurance Policies – Risk Management

Risk management

The risk an individual faces may be a combination of various factors: the risk of death and accidents, the threat of natural disasters, and market volatility. In terms of personal well being, some risks may affect life expectancy or result in temporary or permanent disabilities.

Comparison of Life Insurance Policies
Type of Policies
Premiums
Insured Amount
Account Value
Investment
Universal Variable Life
Flexible
Guaranteed Minimum
Accrues Value
Mutual Funds
Universal Variable Life/Multi-currency
Flexible
Guaranteed Minimum
Accrues Value
ETF/Indexes
Index Universal Life
Flexible
Guaranteed Minimum
Minimum Guaranteed Return
S&P500 Index
Term
Fixed
Guaranteed Fixed Amount
No
No
Term with Return of Premium
Fixed with return of premium at the end of the insured period
Guaranteed Fixed Amount
No
Guaranteed return of premium at the end of the insured period