Which is better: term or universal Life?

This calculator helps you determine which is better: term or universal life insurance. The calculator compares rates of return for term and universal life insurance policies for three periods:

  • Between now and when your term life policy expires.
  • Between now and when you collect full cash value for your universal life policy.
  • Between now and the time of your death.

Usually, universal life insurance policy premiums are higher than term life premiums at the outset. Term life premiums increase, however, generally overtaking the premium amount for universal life policies as you get older and have to renew your term life policy.




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Securities offered by Personal Financial Representatives through Allstate Financial Services, LLC (LSA Securities in LA and PA). Registered Broker-Dealer. Member FINRA and SIPC, Main Office: 2920 South 84th Street, Lincoln, NE 68506, 877-525-5727. Life insurance issued by Allstate Life Insurance Company, Home Office, Northbrook, IL; Lincoln Benefits Life Insurance Company, Lincoln, NE. In New York, Allstate Life Insurance Company of New York, Hauppauge, NY.

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