| Pure protection for term of years (3, 5, 10, 20 years, etc.) |
Level throughout term; Policy may have guaranteed insurability for protection beyond end of term |
None |
Low cost, level premium for term; Savings over cash value policy may be invested in a "side fund" |
May lose coverage at end of term if not guaranteed renewable; No forced savings element |
Large need for medium to long term; Individuals with discipline to invest savings over cash value in a "side fund" |