Comparison table dispatcher testing

  Term life insurance Permanent (whole) life insurance
Participating whole life insurance
Universal life insurance
Issue ages dispatcher

0-75 years old

0-85 years old

0-85 years old

0-85 years old

Coverage amounts dispatcher
$50,000 and up
$50,000 and up
$25,000 and up
$25,000 and up
Coverage amounts $100,000 and up $50,000 and up $250,000 and up $50,000 and up
Payment options You choose the payment option or length of time that meets your needs. Term life insurance: Renewable term plans increase in cost after the first term ends, and renew for another term equal to the one you originally selected. 10, 15, 20, life pay and level for life: 10, 15 and 20 pay plans mean you only have to pay for your life insurance for 10, 15 or 20 years. If your payment type is life pay or level for life, you will continue to pay the premiums for your insurance until age 100 or your death. Yearly renewable term (YRT) to 70, YRT to 85 and YRT, 100: With YRT to 70, the cost of insurance increases each year to your age 70, at which time you will no longer have costs of insurance associated with the base insurance amount. With YRT to 85, the cost of insurance increases each year to your age 85, at which time you will no longer have costs of insurance associated with the base insurance amount. With YRT to 100, the cost of insurance increases each year to your age 70, at which time it becomes level for life.
  • 10-year renewable term
  • 15-year renewable term
  • 20-year renewable term
  • 30-year renewable term
  • 10-pay
  • 15-pay
  • 20-pay
  • Life-pay
  • 10-pay
  • 20-pay
  • Life-pay
  • 10-pay
  • 15-pay
  • 20-pay
  • Yearly renewable to age 70, 85 or 100
  • Level to age 100
Guaranteed premiums/costs        
Payment flexibility        
Coverage options Single life policies cover 1 person; joint policies cover 2 people. With a joint policy, you choose when we pay the death benefit. For example, the death benefit is paid when the second person dies on a joint last-to-die policy.
  • Single life
  • Joint first-to-die
  • Single life
  • Joint first-to-die
  • Joint last-to-die
  • Single life
  • Joint first-to-die
  • Joint last-to-die
  • Single life
  • Joint first-to-die
  • Joint last-to-die
Cash values  Cash value is money that builds in some policies over time. It may be guaranteed, non-guaranteed or a combination of both.        
Cash value accessibility You may be able to access the cash value of your policy when you need it most. You can take a policy loan and depending on which plan you have, you may even be able to withdraw money from your policy. N/A      
Lifetime coverage

No, expires at age 85

     
Full details More about term life insurance More about permanent (whole) life insurance More about participating whole life insurance More about universal life insurance