Which Life Insurance Should I Buy? 
Product suitability is always a consideration when considering product lines that have such diverse application . Life insurance is generally purchased for indemnification or inheritance planning , but can be used as supplemental retirement income . Term life insurance is an excellent for temporary coverage for temporary financial exposure to your beneficiaries . For permanent liabilities , many planners use guaranteed universal life insurance . For supplemental retirement income there are several crediting methods : for interest rate crediting you can use participating whole life or current assumption universal life . If you desire access to domestic and/or foreign indices , you should review indexed universal life insurance . If your risk tolerance permits , you could consider variable universal life with access to separate sub accounts that use marker equities and bond instruments . 