What Is Term UL Life Insurance?

  1. 63333 POINTS
    Peggy Mace
    Most of the U.S.
    Term UL is a hybrid of Term and Universal Life Insurance. Some liken it to UL with a secondary guarantee, while other contend that they are different in many ways. The main differences that consumers will notice is that Term UL is offered at older ages, and for longer "terms" than traditional Term Life Insurance. While shoppers might be able to find similar Universal Life policies with secondary guarantees, it is easier to compare Term UL with other Term products, and thus, they are popular among some age groups. Another difference is that Term UL usually automatically converts to regular UL at the end of the "term".
    Answered on October 18, 2013
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