What Is Whole Or Universal Life Insurance? 
These are permanent forms of life insurance , as opposed to term life insurance , which is temporary , and whose premiums change after a fixed number of years . With Whole and also with Universal , you are building equity , from which you may borrow tax free . With Whole , you have the commitment of the carrier that they will invest your funds and you will appreciate value , never losing . With Universal , you have the ability to appreciate income and tie some or all of it to various markets . With Index Universal , you are guaranteed a minimum , and a maximum , so regardless of the market going up or down , you will not lose and can make quite a bit more than with Whole life . Your call . Thank you . GARY LANE . 